|Rayonier Advanced Materials Announces Accelerated Share Repurchases|
“This ASR is consistent with our disciplined and balanced capital
allocation strategy for our significant free cash flow,” said Paul G.
Boynton, Chairman, President and Chief Executive Officer. “Upon
completion of the ASR, we will have repurchased a total of
Approximately 1.5 million shares of the Company’s common stock to be
repurchased under the transaction will be received by the Company on
The ASR agreement contains customary terms for these types of
transactions, including the mechanisms to determine the number of shares
or the amount of cash that will be delivered at settlement, the required
timing of delivery upon settlement, the specific circumstances under
which adjustments may be made to the transactions, the specific
circumstances under which the transactions may be cancelled prior to the
scheduled maturity and various acknowledgements, representations and
warranties made by the Company and
Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Rayonier Advanced Materials’ future or expected events, developments or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate" and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to
differ materially from those expressed in forward-looking statements
that may have been made in this document are described or will be
described in our filings with the
Rayonier Advanced Materials Inc.