Shearman And Sterling

News July 08, 2014

Shearman & Sterling Advises on $650 Million Financing Related to Rayonier’s Spinoff

Shearman & Sterling advised Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arranger and bookrunner, in connection with a $650 million aggregate financing, including a $250 million revolving credit facility, a $110 million Term A-1 facility and a $290 million Term A-2 facility, related to the spin-off of the Performance Fibers business of Rayonier Inc. from its Forest Resources and Real Estate businesses.

The Team