Rayonier (RYN) Announces Initiatives to Enhance Shareholder Value
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Rayonier Announces Initiatives to Enhance Shareholder Value
November 1, 2023 4:13 PM EDTTargeting $1 billion of select asset sales over the next 18 months Reducing target leverage to 3.0 Net Debt / Adjusted EBITDA Actions intended to enhance shareholder value by capturing the significant disparity between public and private timberland values, reinforce the Companys balance sheet position, and return meaningful capital to shareholders Announcing $242 million asset sale in Oregon first step toward effectuating the plan
WILDLIGHT, Fla.--(BUSINESS WIRE)-- Rayonier Inc. (NYSE: RYN) today announced an asset disposition and capital structure realignment plan (the Plan) targeting $1... More
