Ryam raises €67 million green capital to invest in its biomaterials strategy

Jacksonville, fla.--(business wire)--rayonier advanced materials inc. (nyse: ryam) (the “company” or “ryam”), the global leader in high purity cellulose, announced it has raised a €67 million in green capital. the financing includes €37 million in secured term loans from french banks crÉdit lyonnais, arkÉa banque, and bnp paribas at an initial floating rate of approximately 5 percent, maturing in seven years. an additional €30 million in preferred equity will be provided by swen capital partner.
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