BULLETIN: Rayonier Inc. Sells New Zealand East Coast Timberlands Operations Apr 02
- ID: 2083091
- April 2002
- Region: New Zealand
- Standard & Poors
Standard & Poor's today said that Rayonier Inc.'s (BBB-/Stable/--) planned sale of 83,000 acres of East Coast New Zealand timberlands will not result in any change to its ratings or outlook on the company. Cash proceeds of about $65 million are expected to be used to further reduce debt. Standard & Poor's ratings incorporate expectations that Rayonier will sell between 2% and 4% of its timberlands annually....
Companies mentioned in this report are: Rayonier Inc.
Action: S&P Event
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Research type: News
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