PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Fri, April 19, 5:10 AM
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Slide #316. Rayonier Advanced Materials Inc. — Preferred Stock Offering
Company:
Rayonier Advanced Materials Inc. (NYSE:RYAM)
Date announced:
8/4/2016
Shares Offered:
1,500,000
Date of Pricing:
8/4/2016
Price Per Share:
$100.00
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 high purity cellulose products, paperboard and pulp 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; paperboard, which is used for packaging, printing documents, brochures, promotional materials, paperback book or catalog covers, file folders, tags and tickets; and high-yield pulp, which is used by paper manufacturers to produce paperboard, packaging, printer and writing papers and a variety of other paper products.
Preferred: RYAM.PRA
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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