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Rayonier Advanced Materials ( NYSE: RYAM ) estimates Q4 revenue in the range of $488M to $508M vs consensus of $436.36M
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Q4 lncome (loss) from continuing operations expected in the range of $(1)M to $3M and adjusted EBITDA of $52M to $56M, inclusive of the previously disclosed force majeure event.
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For FY22 revenue estimated to be $1.70B to $1.72B vs consensus of $1.65B .
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FY22 loss from continuing operations expected in the range of $28M to $32M and adjusted EBITDA of $174M to $178M, inclusive of the previously disclosed force majeure event.
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Additionally, the company announced that its wholly owned subsidiary, Rayonier A.M. Products, has commenced a private offering of $325M aggregate principal amount of senior secured notes due 2028.
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The company intends to use the net proceeds from the sale of the notes, together with cash on hand, to redeem in full its senior unsecured notes due 2024.
For further details see:
Rayonie Advanced guides Q4 and FY22 revenue above consensus, commences $325M private placement