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By Ben Glickman
Rayonier Advanced Materials is reviewing options as the company seeks to further reduce its debt.
The Jacksonville, Fla.-based paper manufacturer, which released third-quarter earnings on Tuesday, said that it was “reviewing options to monetize passive assets.”
The company said the initiative was meant to help further reduce its debt. The company also said it was exploring a potential sale of its paperboard and high-yield pulp assets.
Rayonier reported a third-quarter loss of $25 million, or 39 cents a share, compared with a profit of $30 million, or 45 cents a share, a year earlier.
Write to Ben Glickman at [email protected]
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