Rayonier Advanced Materials - 500 Beiträge pro Seite

[haowenshan]

Hersteller von high purity cellulose, cellulose specialities (acetate, etc.)

[haowenshan]

hab mir da gestern eine 1. position aufgebaut; enorm runtergeprügelt und übers überleben kämpfen sie mE nicht..

[haowenshan]

Antwort auf Beitrag Nr.: 61.065.796 von haowenshan am 19.07.19 15:57:25

oder, vielleicht kämpfen sie doch ums überleben.
sie sind am convenants reißen...

naja, nachgelegt. eine high yield pulp mill in kanada wird gerade um $175 Mio an Sappi verkauft.

[haowenshan]

es gibt dann noch

1,725,000 shares of our 8.00% Series A Mandatory Convertible Preferred Stock

die sollten am 15.8. zu 7.7459 gewandelt werden (auch kein sonderlich attraktives Geschäft für die Zeichner des Papiers)

Each share of the Preferred Stock will automatically convert into shares of common stock, subject to anti-dilution and other adjustments, on the mandatory conversion date, which is expected to be August 15, 2019. The number of shares of common stock issuable on conversion will be determined
based on the volume-weighted average price of the Company’s common stock over a 20 trading day period immediately prior to the mandatory conversion date (“Applicable Market Value”). If the Applicable Market Value for our common stock is greater than $15.17 or less than $12.91, the conversion rate per share of Preferred Stock will be 6.5923 or 7.7459, respectively. If the Applicable Market Value is between $15.17 and $12.91, the conversion rate per share of Preferred Stock will be between 6.5923 and 7.7459. Subject to certain restrictions, at any time prior to August 15, 2019, holders of the Preferred Stock may elect to convert all or a portion of their shares into common stock at the minimum conversion rate of 6.5923 shares of common stock per share of Preferred
Stock, subject to adjustment.

[haowenshan]

hat sich gelohnt kräftig unter 3 aufzustocken, werde es nun aber wieder schrittweise auf normale Positionsstärke zurückführen. mE waren zu diesen kursen selbst im liquidationsfall die assets mehr wert als die market cap...

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (the “Company”) today announced that it has reached agreement with lenders under its Senior Secured Credit Agreement and entered into an amendment (the “Amendment”) under which, among other changes, the lenders have agreed to relax the Total Net Senior First Lien Secured Leverage Ratio and Interest Coverage Ratio tests through 2021. The Amendment also increases the interest rate margin on borrowings to be paid to lenders by a maximum of 1.25 percent, subject to operation of a pricing grid which provides for reduced interest rate margins with improved leverage ratios; provides additional collateral for the lenders; and requires the Company to maintain availability under its revolving credit facility in specified amounts that vary to reflect the seasonality of the business. Lenders were paid a customary fee as consideration for their consent to the Amendment.

Under the terms of the Amendment, the Company will also retain up to $50 million in net proceeds from the previously-announced sale of its Matane pulp mill, which remains on track to close in the fourth quarter, with the remainder of the net proceeds to be used to repay a portion of the Company’s secured debt.

“Working collaboratively with our lenders, we reached an Amendment that addresses the current challenging commodity markets, provides enhanced financial flexibility through 2021 and allows us to avoid the potential covenant breach that led to the going concern disclosure in our second quarter financial statements,” said Paul G. Boynton, Chairman, President and Chief Executive Officer. “We believe we now have the runway to manage the business through these challenging economic conditions, enabling us to emerge financially stronger and able to realize the earnings potential of our business.”

https://www.businesswire.com/news/home/20190930005715/en/Ray…