---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-001028"
form_type: "8-K"
ticker: "RYAM"
cik: "0001597672"
company_name: "RAYONIER ADVANCED MATERIALS INC."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:40:50.716092+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# RYAM amends term loan credit agreement for financial covenant relief through FY 2024

## Summary
- Amendment increases max consolidated secured net leverage ratio to 5.25x for Q4 2023 through Q2 2024.
- Ratio steps down to 5.00x (Q3 2024), 4.75x (Q4 2024), then 4.50x thereafter.
- RYAM pays lenders certain fees in connection with the amendment.
- CEO states amendment provides operational flexibility and liquidity to execute strategy.

## SEC filing metadata
- accession: 0001193125-24-001028
- form_type: 8-K
- ticker: RYAM
- cik: 0001597672
- company_name: RAYONIER ADVANCED MATERIALS INC.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1597672/000119312524001028/0001193125-24-001028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1597672/000119312524001028/d596153d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-001028
- JSON: https://secwatch.observer/filing/0001193125-24-001028.json
- Plain text: https://secwatch.observer/filing/0001193125-24-001028.txt

## Key facts
- Material Agreements
  RAYONIER ADVANCED MATERIALS INC. amended Amendment No. 1 to Term Loan Credit Agreement with Oaktree Fund Administration, LLC, as administrative agent, and the lenders party thereto (effective 2024-01-02).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Oaktree Fund Administration, LLC, as administrative agent, and the lenders party thereto
  - Effective: 2024-01-02
  source text: entered into Amendment No. 1 to Term Loan Credit Agreement (the “Amendment”) with RYAM and its other subsidiaries party thereto, the lenders party thereto and Oaktree Fund Administration, LLC, as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1597672/000119312524001028/0001193125-24-001028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.