Rayonier to repay $250 million term loan with new notes offering

Chicago, May 12 – Rayonier LP will repay the $250 million outstanding under the company’s 2020 incremental term loan facility with a new note offering set to price on Wednesday, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

Any remaining proceeds will be used for general corporate purposes.

Rayonier is a real estate investment trust, timberland management and cellulose fiber producer based in Wildlight, Fla.

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