Rayonier Inc. has completed the sale of its 77% interest in a New Zealand joint venture to a special purpose vehicle owned by an investment fund managed by The Rohatyn Group for $710 million. After accounting for net debt, working capital, and other adjustments, the net proceeds to Rayonier are expected to be $699 million. This transaction is part of Rayonier's broader asset disposition and capital structure realignment plan, which has exceeded its original target. Rayonier expressed gratitude to its New Zealand team and is confident in transferring the business to TRG, known for managing forestry assets in the region.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rayonier Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250630124414) on June 30, 2025, and is solely responsible for the information contained therein.