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Rayonier Advanced Materials ( (RYAM) ) has shared an update.
Rayonier Advanced Materials Inc. has successfully completed its cash tender offer to buy back its subsidiary’s 7.625% Senior Secured Notes due 2026, totaling $135.5 million, which represents nearly 30% of the outstanding notes. This strategic move by the global cellulose leader underscores its commitment to strengthening its financial position while continuing its operations across the U.S., Canada, and France.
See more insights into RYAM stock on TipRanks’ Stock Analysis page.