Shares of Chemical company Rayonier Advanced Materials Inc. (RYAM) are falling more than 10% Friday morning after the company said Rayonier A.M. Products Inc., a unit of the company, has decided not to pursue its opportunistic private offering of $325 million aggregate principal amount of senior secured notes due 2028.
The company said resultantly, it does not intend to redeem its senior unsecured notes due 2024, at this time.
RYAM is ate $6.05 currently. It has traded in the range of $2.44-$9.84 in the last 1 year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.