Rayonier Announces Proposed Offering of Its Common Shares
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Rayonier (RYN) Prices 5M Common Stock Offering at $27.75/Share
March 17, 2017 9:21 AM EDTRayonier Inc. (NYSE: RYN) announced today that it has priced an underwritten public offering of 5,000,000 common shares at a price to the public of $27.75 per share. The company has also granted the underwriters a 30-day option to purchase up to an additional 750,000 common shares. The offering is expected to close on March 22, 2017, subject to the satisfaction of customary closing conditions.
The gross proceeds from the offering are approximately $138.8 million before deducting underwriting discounts and commissions and estimated offering expenses (or approximately $159.6 million if the underwriters... More
