Business Context and Reporting Period
Company: Rayonier Advanced Materials Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 19, 2018
Event: The Company announced the sale of its resins business, which was originally acquired as part of the November 2017 acquisition of Tembec, to LRBG Chemicals.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report serves as a notification of a corporate transaction rather than a financial performance statement.
Material Changes
- Asset Divestiture: Sale of the resins business segment to LRBG Chemicals.
- Historical Context: The resins business was a component of the Tembec acquisition completed in November 2017.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors related to the transaction. The document explicitly states that the information furnished in Item 8.01 and the accompanying press release (Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and shall not be incorporated by reference into other registration statements.
Investor Verification Checklist
- Verify the final transaction terms and purchase price in the press release (Exhibit 99.1) referenced in this filing.
- Confirm the expected closing date of the sale to LRBG Chemicals.
- Assess the impact of the divestiture on the Company's future revenue streams and operational focus.
- Review subsequent filings for any financial impact or gain/loss recognition related to the sale.