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Rayonier Advanced Materials ( (RYAM) ) has issued an announcement.
Rayonier Advanced Materials Inc. has announced a cash tender offer through its subsidiary, Rayonier A.M. Products Inc., to purchase all outstanding 7.625% Senior Secured Notes due 2026, worth $452.64 million. The offer, open until November 4, 2024, unless extended, allows noteholders to receive cash and accrued interest for each $1,000 principal amount. This strategic financial move could interest investors tracking debt financing and market maneuvers in the cellulose production sector.
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