Ryam raises $250 million of debt to refinance its 2024 notes, improving financial position to support future growth opportunities

Jacksonville, fla.--(business wire)--rayonier advanced materials inc. (nyse: ryam) (“ryam”), a global leader in the production of high-purity cellulose specialties and other sustainable materials, is pleased to announce that it has obtained $250 million in aggregate principal amount of secured term loan financing (the “term loan”) from funds managed by oaktree capital management, l.p. (“oaktree”). the proceeds from the term loan, along with approximately $85 million in balance sheet cash, will.
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