Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 8:58 AM
|This Slide: #277 of 581|
Slide #277. Rayonier Advanced Materials Inc. — Preferred Stock Offering
Rayonier Advanced Materials Inc. (NYSE:RYAM)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Rayonier Advanced Materials Inc. (the "Company") (NYSE:RYAM) today announced the pricing of its underwritten public offering (the "Offering") of 1,500,000 shares of the Company's 8.00 percent Series A Mandatory Convertible Preferred Stock (the "Mandatory Convertible Preferred Stock"). The underwriters of the Offering have a 30-day option to purchase a maximum of 225,000 additional shares of Mandatory Convertible Preferred Stock to cover over-allotments. The offering price is $100 per share. The Offering is expected to close on August 10, 2016, subject to customary closing conditions.
Rayonier Advanced Materials is a manufacturer of cellulose products, lumber, pulp and paper products. Co. operates in the following business segments: High Purity Cellulose, which manufactures and markets high purity cellulose, which is sold as either cellulose specialties or commodity products; Forest Products, which manufactures and markets construction-grade lumber; Paperboard, which manufactures and markets paperboard products used for packaging, printing documents, brochures, promotional materials, paperback book or catalog covers, file folders, tags and tickets; and Pulp and Newsprint, which manufactures and markets high-yield pulp and newsprint.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com