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Rayonier Advanced Materials Inc. (RYAM) is a global leader in high-purity cellulose specialties and engineered natural polymers for industrial and consumer applications. This page provides investors and industry professionals with a comprehensive repository of official company announcements, financial updates, and operational developments.
Access real-time updates on earnings reports, strategic partnerships, product innovations, and sustainability initiatives. Our curated collection ensures you stay informed about RYAM's advancements in cellulose technology, market expansions, and operational milestones without needing to search multiple sources.
Key updates include quarterly financial results, manufacturing process improvements, supply chain developments, and leadership announcements. All content is sourced directly from verified company communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to RYAM's evolving story in specialty chemicals and material science. Check back regularly to monitor how the company's innovations in natural polymer engineering continue shaping industries from pharmaceuticals to industrial manufacturing.
Rayonier Advanced Materials (RYAM) reported Q3 2024 results with net sales of $401 million, up $32 million from prior year. Despite a net loss of $33 million, including a $25 million non-cash asset impairment and $7 million suspension charges, Adjusted EBITDA increased to $51 million. The company reiterated its 2024 Adjusted EBITDA guidance of $205-215 million and increased Free Cash Flow guidance to $115-125 million. RYAM successfully refinanced with a $700 million secured term loan and announced price increases up to 10% for cellulose specialties products. A fire at the Jesup plant is expected to impact earnings by $10 million in 2024.
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.
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