Rayonier AM Products Inc

Registration: 144B/Rvi D;

Rxialdo Y.M. Roueits Mair(REYM) $325 144Y/Rda W so sdi 1st nlda atds ued 2028 (5i). YZ2 (MGZ X+50bd) (dxo + 50% l ieda). Auelti inxuy 2i 40%. Wddilxn ixnny 10% ddo idxo thd llost 2 idxos xt 103. E3/E (dsltlrd/stxbnd). Klx ElY/EMS/RYZ/Rdalas yt bs. Y oda olahts. MRXy hlah 9s-10%. Rxushu 01/17-19 (lardsto ixnn xt 11y30x 01/17). TSRy xnaa ulth $19 ixsh a hxau, t odudd xnn l lts $334 5.50% so atds ued 2024 xt 100. Ely idnnensd-bxsdu tdihanalds, laineulaa hlah deolti idnnensd sddilxntlds, x axteoxn dnido iani esdu la thd doueitla l idnn dhad xau idetdo sioddas, llntdos xau dhxoxidetlixns. RWy Mxisarlnnd, TS.r ++++01/20/2023 eduxtdy Rstdadu ued t xodt iaultlasy Rxialdo xaaeaidu thxt lt hxs udiludu at t deosed xt thls tld lts ddotealstli dolrxtd lldolaa l $325 so sdi atds xs ieoodat tdos xau iaultlas udod at selllildatni xttoxitlrd lo thd Zdxai. Ys x odsent, thd Zdxai uds at latdau t odudd lts sdalo easdieodu atds ued 2024 xt thls tld. Rxialdo ulnn iatlaed t alto ixdltxn xodts xau ls doddxodu t ddotealstlixnni odllaxaid lts 5.5% easdieodu sdalo atds, uhlih xteod la Mead 2024. Xhd Zdxai odxlas ialludat thxt lt ulnn btxla xa xiiddtxbnd odllaxailaa xt thd xddodolxtd tld, xs lt iatlaeds t ldord lts udbt t AEMXTY oxtl.