RAYONIER, L.P., AS ISSUER, RAYONIER INC., AS PARENT GUARANTOR, any other Guarantors party hereto, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee SENIOR DEBT INDENTURE Dated as of September 9, 2020 Debt SecuritiesRayonier Operating Co LLC • September 10th, 2020 • Real estate investment trusts • New York
Company FiledSeptember 10th, 2020 Industry JurisdictionSENIOR DEBT INDENTURE, dated as of September 9, 2020, by and among Rayonier, L.P., a Delaware limited partnership (the “Company”), Rayonier Inc., a North Carolina corporation, as Parent and Parent Guarantor (each as defined herein), the Guarantors (as defined herein) party hereto, and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”).