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Rayonier Advanced Materials unit cancels redemption of 2024 notes
By Mary-Katherine Stinson
Lexington, Ky., Jan. 20 – Rayonier Advanced Materials Inc.’s wholly owned subsidiary, Rayonier A.M. Products Inc., canceled plans to redeem its senior notes due 2024, according to a press release.
The plan was scuttled after the company’s private offering of senior secured notes due 2028 was withdrawn, citing unattractive terms and conditions for the company.
Rayonier makes cellulose-based technologies and is based in Jacksonville, Fla.
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