JACKSONVILLE, Fla. (News release) -- Rayonier Advanced Materials Inc. announced that its wholly owned subsidiary, Rayonier A.M. Products Inc., has decided not to pursue at this time its opportunistic private offering of $325 million aggregate principal amount of senior secured notes due 2028 (the "Notes") as current terms and conditions were not sufficiently attractive for the Company. As a result, the Company does not intend to redeem its senior unsecured notes due 2024 (the "2024 Notes") at this time.

RYAM will continue to monitor capital markets and is prepared to opportunistically refinance its 5.5% unsecured senior notes, which mature in June 2024. The Company remains confident that it will obtain an acceptable refinancing at the appropriate