Rayonier amends $800 million credit agreement, extends revolver maturity to August 2030
Rayonier and its subsidiaries entered into an amended and restated credit agreement on August 15, 2025, covering $800 million of senior unsecured facilities. The revolving credit facility's maturity was extended to August 15, 2030, while the three term loan maturities were unchanged. The filing describes refinancing terms rather than a change in reported results, so its direct effect on shareholders is limited to the revised borrowing terms.
Key points
- Facilities total $800 million: a $200 million revolving credit facility and three $200 million term loans
- Revolving credit facility maturity extended to August 15, 2030; term loan maturities unchanged (April 1, 2028; April 28, 2026; June 1, 2029)
- Borrowers may increase revolving commitments by up to $100 million, subject to a leverage ratio limit of 52.5%
- Agreement includes leverage and interest coverage financial covenants; CoBank, ACB is administrative agent
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.