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Hold (2.00 out of 4)
0th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 26, 2:06 PM
Slide #316. Rayonier Advanced Materials Inc. — Preferred Stock Offering
Company: |
Rayonier Advanced Materials Inc. (NYSE:RYAM) |
Date announced: |
8/4/2016 |
Shares Offered: |
1,500,000 |
Date of Pricing: |
8/4/2016 |
Price Per Share: |
$100.00 |
Preferred Stock Offering Details: |
Rayonier Advanced Materials Inc. (the "Company") (NYSE:RYAM) today announced the pricing of its underwritten public offering (the "Offering") of 1,500,000 shares of the Company's 8.00 percent Series A Mandatory Convertible Preferred Stock (the "Mandatory Convertible Preferred Stock"). The underwriters of the Offering have a 30-day option to purchase a maximum of 225,000 additional shares of Mandatory Convertible Preferred Stock to cover over-allotments. The offering price is $100 per share. The Offering is expected to close on August 10, 2016, subject to customary closing conditions. |
Rayonier Advanced Materials is a manufacturer of high purity cellulose products, paperboard and pulp products. Co. operates in the following business segments: high purity cellulose, which manufactures and markets high purity cellulose, which is sold as either cellulose specialties or commodity products; paperboard, which is used for packaging, printing documents, brochures, promotional materials, paperback book or catalog covers, file folders, tags and tickets; and high-yield pulp, which is used by paper manufacturers to produce paperboard, packaging, printer and writing papers and a variety of other paper products. Preferred: RYAM.PRA
Open the RYAM Page at Preferred Stock Channel »
Name: |
Rayonier Advanced Materials Inc |
Website: |
www.ryam.com |
Sector: |
Specialty Chemicals |
Number of ETFs Holding RYAM: |
14 (see which ones) |
Total Market Value Held by ETFs: |
$23,893,075 |
Total Market Capitalization: |
$269,000,000 |
% of Market Cap. Held by ETFs: |
8.88% |
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