Rayonier Announces Acquisitions in U.S. South
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Wednesday, November 2, 2022
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The Acquisitions comprise well-stocked and highly productive timberlands located in some of the strongest timber markets in the U.S. South.
Key Points:
- The Acquisitions comprise well-stocked and highly productive timberlands located in some of the strongest timber markets in the U.S. South.
- Approximately 80% of the Acquisitions consist of fee ownership, and the remaining 20% consist of a long-term lease.
- Complementary to existing landholdings the Acquisitions offer an extraordinarily strong fit with our existing footprint across the U.S. South, which should provide for minimal execution risk and significant operational synergies.
- Rayonier expects to finance the Acquisitions with cash on hand and the proceeds from incremental borrowings through the Farm Credit System.