Investor Presentation
Reconciliation of Net Debt
($ in millions)
Q3 2023
Long-term debt, net of deferred financing costs and unamortized discounts
Plus deferred financing costs
Plus unamortized discounts
Total Debt (Principal Only)
Cash and cash equivalents
Net Debt (1)
$1,511.4
4.7
2.9
$1,519.0
(107.8)
$1,411.2
($ in millions)
Pro Forma
Total Debt, (Principal Only) @ 9/30/2023
$1,519.0
Less - repayment of floating rate portion of Incremental Term Loan III
(150.0)
Total Debt, (Principal Only)
Cash and cash equivalents @ 9/30/2023
Cash proceeds from Oregon sale
$1,369.0
(107.8)
(242.0)
Cash transaction fees and expenses
2.5
Cash used for repayment of floating rate portion of Incremental Term Loan III
Net Debt (1)
150.0
$1,171.7
Rayonier (1) Non-GAAP measure or pro forma item.
55
Investor Presentation | November 2023View entire presentation