Welcome to our dedicated page for Rayonier Advanced Matls news (Ticker: RYAM), a resource for investors and traders seeking the latest updates and insights on Rayonier Advanced Matls stock.
Rayonier Advanced Materials Inc. (NYSE: RYAM) generates a steady flow of news related to its role in cellulose-based technologies, biomaterials, paperboard and pulp. This page aggregates company press releases and third-party coverage so readers can follow how RYAM’s operations, strategy and leadership evolve over time.
RYAM’s news often highlights developments in its Cellulose Specialties, Biomaterials, Cellulose Commodities, Paperboard and High-Yield Pulp businesses. Recent communications have discussed segment reorganization, quarterly financial results, tariff impacts, operational performance at facilities such as Temiscaming and Tartas, and the company’s perspective on demand trends for high-purity cellulose, paperboard and high-yield pulp products.
Investors and industry observers will find updates on earnings releases and financial guidance, including commentary on net sales, operating income or loss by segment, non-cash charges and cash flow dynamics. RYAM also issues news about leadership and governance changes, such as the planned retirement of its former President and Chief Executive Officer, the appointment of Scott Sutton as Chief Executive Officer and President and changes in accounting leadership reported in Form 8-K filings.
Another recurring theme in RYAM’s news is its activity in trade and regulatory matters. The company has announced the filing of antidumping and countervailing duty petitions concerning imports of high-purity dissolving pulp from Brazil and Norway, outlining its position on unfairly traded imports and the potential impact on U.S. producers and workers.
Product and market-focused announcements also appear in RYAM’s news flow. For example, the company has described enhancements to its Kallima folding carton board portfolio, including an enhanced freezer application developed at its Temiscaming facility for frozen food packaging. These items give insight into how RYAM positions its paperboard products within the packaging market.
By reviewing the RYAM news feed, readers can track how management communicates its long-term strategic direction, including emphasis on Cellulose Specialties and Biomaterials, responses to tariffs and market conditions, and updates on operational execution. Bookmarking this page allows for efficient access to new releases and historical context on the company’s public disclosures.
Rayonier Advanced Materials (RYAM) announced the expiration of its cash tender offer for its subsidiary's 7.625% Senior Secured Notes due 2026. As of the November 4, 2024 expiration date, $135,486,000 in aggregate principal amount of notes were validly tendered, representing 29.93% of outstanding notes. An additional $143,000 in notes were submitted under guaranteed delivery procedures. The company expects to make payment for tendered notes on November 7, 2024. RYAM intends to legally defease all obligations under non-tendered notes pursuant to the indenture terms.
Rayonier Advanced Materials (NYSE: RYAM) has released its 2023 Sustainability Report, showcasing significant progress in environmental and social initiatives. The company is advancing toward its 2030 goal of 40% reduction in Scope 1 and 2 greenhouse gas emissions from 2020 levels, with nearly 78% of energy now sourced from renewables.
Key achievements include the launch of a 2G Bioethanol facility in Tartas, France, enhanced employee engagement programs, and comprehensive climate scenario analysis aligned with TCFD standards. The report details RYAM's commitment to sustainable growth, operational excellence, and community engagement, while expanding its Biomaterials growth strategy.
Rayonier Advanced Materials (NYSE: RYAM) has secured a $700 million Term Loan from funds managed by Oaktree Capital Management, Silver Point Capital, and Blue Torch Capital. The financing will be used to refinance existing debt obligations, including 2026 senior secured notes and 2027 secured term loan. The new Term Loan features a three-month Term SOFR plus 7% interest rate, adjustable based on leverage ratios, with a five-year maturity. The company must maintain specific consolidated net secured debt to covenant EBITDA ratios through 2027. The loan includes prepayment options with varying premiums over different periods.
Rayonier Advanced Materials (RYAM) announced that its subsidiary, Rayonier A.M. Products, has launched a cash tender offer to purchase all outstanding 7.625% Senior Secured Notes due 2026, with a current outstanding amount of $452,640,000. Holders who tender their notes by the expiration date of November 4, 2024, will receive $1,000 in cash per $1,000 principal amount, plus accrued interest. The settlement is expected on November 7, 2024. The tender offer is contingent on securing sufficient debt financing to fund the purchase and associated expenses.
Rayonier Advanced Materials (NYSE: RYAM) announced that its Jesup, Georgia facility has fully resumed operations ahead of schedule following an October 11 fire incident. The facility has returned to full production capacity with all lines producing on-grade material. The company is currently evaluating the financial impact of the incident and potential insurance recoveries, with further updates expected during the third-quarter earnings call on November 6.
Rayonier Advanced Materials (NYSE: RYAM) has announced its upcoming third quarter 2024 earnings release, scheduled for Tuesday, November 5, 2024, after market close. The company will host a conference call and webcast on Wednesday, November 6, 2024, at 9:00 a.m. ET to discuss the results. Investors can access the call via phone (877-407-8293 for US, 201-689-8349 for international) or through the company's website. A replay will be available until November 20, 2024.
Rayonier Advanced Materials Inc. (NYSE: RYAM) has announced the restoration of power to its Jesup, Georgia site and the restart of its A Line operations. The A Line, which produces cellulose specialties for filtration, food, pharmaceuticals, and tire cord, is currently operating at 80% capacity and is expected to reach full capacity within a week.
The company's B Line is still undergoing repairs and is anticipated to restart around October 28th. RYAM is currently assessing the financial impact of the incident and potential insurance recovery. More detailed financial information will be provided during the company's third-quarter earnings call in early November.
Rayonier Advanced Materials Inc. (NYSE: RYAM) reported an isolated fire at its Jesup, Georgia facility on October 11. The fire was quickly contained with no injuries or community risk. The company is investigating the cause. While the plant's C line has resumed operations, the A and B lines will remain offline until approximately October 28 for repairs, primarily focusing on instrumentation and electrical cabling systems.
The Jesup plant, RYAM's largest facility, has a production capacity of 330,000 metric tons of cellulose specialties (A and B lines) and 270,000 metric tons of fluff pulp (C line). RYAM is working with affected customers to address potential impacts. The estimated EBITDA impact is expected to be $15 to $20 million, subject to potential insurance recovery. Further updates will be provided during the third quarter earnings call in early November.
Altamaha Green Energy (AGE), a joint venture between Beasley Green Power, and Rayonier Advanced Materials (RYAM), has received certification from the Georgia Public Service Commission for a Power Purchase Agreement. This agreement allows AGE to produce and sell up to 70 MW of electricity to Georgia Power Company for a 30-year period.
The project, still in development, aims to utilize renewable forestry waste such as bark, tree limbs, and other biomass to generate sustainable electricity. This initiative is expected to address the growing demand for renewable energy while boosting Georgia's forestry economy and creating jobs. AGE was formed in response to Georgia Power's competitive bidding process for renewable energy solutions.
Rayonier Advanced Materials Inc. (NYSE: RYAM) has elected Eric M. Bowen to its Board of Directors, effective September 9, 2024. Bowen brings over 20 years of experience in the biofuels industry, with expertise in energy transition and renewable products. He previously served as General Counsel, Corporate Secretary, and Vice President of Strategy at Renewable Energy Group, Inc. (REGI) until its sale to Chevron in 2022. Bowen was instrumental in growing REGI's renewable diesel business and positioning the company in decarbonization markets. His background includes founding Tellurian Biodiesel, Inc., and serving on various boards, including Forge Hydrocarbons and Hydrogen Works. Bowen holds a J.D. from UC Berkeley and a B.A. from the University of Oregon Honors College.