Chatham Asset Management Issues Statement On Rayonier Advanced Materials' Debt Maturities; Urges Immediate Refinancing Of 2024 Notes
Portfolio Pulse from Benzinga Newsdesk
Chatham Asset Management urges Rayonier Advanced Materials (RYAM) to immediately refinance its 2024 Notes. Chatham holds significant positions in RYAM debt, including the 2024 and 2026 Notes, as well as short positions and put options in RYAM shares.
May 24, 2023 | 8:39 pm
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Chatham's call for immediate refinancing of RYAM's 2024 Notes may put pressure on the company's stock price.
Chatham Asset Management's call for immediate refinancing of RYAM's 2024 Notes may put pressure on the company's stock price as it indicates concerns about the company's debt management. Chatham holds significant positions in RYAM debt and short positions in shares, which may influence other investors' perception of RYAM's financial stability.
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