Ryam decides not to pursue at this time its opportunistic private offering of $325 million of senior secured notes

Jacksonville, fla.--( business wire )--rayonier advanced materials inc. (nyse: ryam) (“ryam” or “the company”) today announced that its wholly owned subsidiary, rayonier a.m. products inc., has decided not to pursue at this time its opportunistic private offering of $325 million aggregate principal amount of senior secured notes due 2028 (the “notes”) as current terms and conditions were not sufficiently attractive for the company. as a result, the company does not intend to redeem its senior unsecured notes due 2024 (the “2024 notes”) at this time.
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