RYAM Announces Sale of Softwood Duty Refund Rights for $39 Million
Rayonier Advanced Materials Inc. (RYAM)
Last rayonier advanced materials inc. earnings: 2/25 08:29 pm
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Source: Business Wire
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (NYSE: RYAM) (the “Company”), the global leader in High Purity Cellulose, today announced it has reached agreement regarding the sale to OCP Lumber LLC of the Company’s entitlements to refunds, including all accrued interest, related to the duties imposed on softwood lumber exported by the Company from Canada into the United States during a specific period between 2017 and 2021.The sale price for the refund rights is $39 million with the opportunity for the Company to receive additional future sale proceeds contingent upon the timing and terms of the ultimate trade dispute outcome. Closing and funding is expected to take place within the next 30 days, contingent upon customary closing conditions.“This innovative purchase and sale agreement is another key step for the Company in our ongoing efforts to strengthen our financial position, optimize our asset base and focus on our core business strategy,” said De Lyle
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News
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- Rayonier Advanced Materials Inc. (NYSE:RYAM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rayonier Advanced Materials Inc. - RYAMAccesswire
RYAM
Earnings
- 5/7/24 - Miss
RYAM
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/29/24 - Form 8-K
- RYAM's page on the SEC website