Rayonier launches at-the-market program to sell up to $300M of common shares

Filed November 4, 2022 · ~1 min read

Key Changes

• high

  Rayonier may sell up to $300 million of common shares from time to time through an at-the-market offering using five sales agents.

  The Offering verify on EDGAR →
• medium

  Net proceeds are intended for general corporate purposes, including repaying debt or funding acquisitions, with no current acquisition commitments.

  Use of Proceeds verify on EDGAR →
• medium

  As of Sept 30, 2022, the company had $750M outstanding across three variable-rate term loans, with rates around 4.1-4.2%.

  Use of Proceeds verify on EDGAR →