Rayonier announces initiatives to enhance shareholder value

Wildlight, fla.--(business wire)--rayonier inc. (nyse:ryn) today announced an asset disposition and capital structure realignment plan (the “plan”) targeting $1 billion of select asset sales over the next 18 months. the proceeds of the asset sales will be used to reduce the company's leverage to ≤3.0x net debt / adjusted ebitda* and return meaningful capital to shareholders. the plan is intended to enhance shareholder value by capturing the significant disparity between public and private timbe.
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