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BULLETIN: Rayonier Inc. Sells New Zealand East Coast Timberlands Operations Apr 02

  • ID: 2083091
  • April 2002
  • Region: New Zealand
  • Standard & Poors
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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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Rayonier Inc.

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