Ryam Raises $250 Million Of Debt To Refinance Its 2024 Notes, Improving Financial Position To Support Future Growth Opportunities
Amount Raised
$250 Million
Round Type
Debt Financing
JacksonvilleManufacturingInvestors
Description
Rayonier Advanced Materials Inc. (NYSE: RYAM) (“RYAM”), a global leader in the production of high-purity cellulose specialties and other sustainable materials, is pleased to announce that it has obtained $250 million in aggregate principal amount of secured term loan financing (the “Term Loan”) from funds managed by Oaktree Capital Management, L.P. (“Oaktree”). The proceeds from the Term Loan, along with approximately $85 million in balance sheet cash, will be used to redeem the remaining $318 million in aggregate principal amount of RYAM’s existing 2024 senior unsecured notes and to pay fees and expenses associated with the transactions
Quick answer
RYAM raised $250 Million in a Debt Financing round, dated July 20, 2023. Investors: Oaktree Capital Management, L.P. RYAM is based in Jacksonville, Florida, United States.
- How much did RYAM raise?
- RYAM raised $250 Million in a Debt Financing round on July 20, 2023.
- Who invested in RYAM?
- Oaktree Capital Management, L.P. is named as investors in this round.
- What does RYAM do?
- RYAM is a global leader in the production of cellulose-based products, specializing in high purity cellulose specialties, a plant-based polymer commonly used in the production of filters, food, pharmaceuticals, and..
- Where is RYAM based and how big is it?
- RYAM is based in Jacksonville, Florida, United States. Fundz records about 1,075 employees.
- Who are the decision-makers at RYAM?
- Fundz holds 1 contact at RYAM. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as RYAM that raised within 45 days of this round, from Fundz verified event records.
- ARC Medical raised $200K (Seed) on September 1, 2023.
- Studson raised $2.5M (Seed) on September 1, 2023.
- Innovac Therapeutics raised $18M (Funding Round) on September 1, 2023.
- Gently raised $75K (Pre-Seed) on September 1, 2023.
- ReOrbit raised $7.4M (Seed) on August 31, 2023.
- Delta Development Team raised $960K (Seed) on August 31, 2023.
Who to call at RYAM, and when
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- The decision-makers there, with verified emails
- Who you already know at RYAM, from your own LinkedIn network
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Related People
RYAM raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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