RYAM Engages Houlihan Lokey To Explore Sale Of Paperboard And High-Yield Pulp Assets
Portfolio Pulse from Benzinga Newsdesk
Rayonier Advanced Materials Inc. (NYSE:RYAM) has engaged Houlihan Lokey as its financial advisor to explore the potential sale of its paperboard and high-yield pulp assets located at its Temiscaming site. This move is part of RYAM's strategy to enhance its operational and financial performance, optimize its portfolio, and reduce debt.
October 13, 2023 | 8:35 pm
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RYAM is exploring the sale of its paperboard and high-yield pulp assets. This could potentially enhance its financial performance and reduce its debt.
The potential sale of these assets could provide RYAM with additional capital, which could be used to pay down debt and improve its financial stability. This could make the company more attractive to investors, potentially leading to a short-term increase in its stock price.
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