5,000,000 Shares Rayonier Inc. Common Shares, no par value UNDERWRITING AGREEMENTRayonier Inc • March 22nd, 2017 • Real estate investment trusts • New York
The undersigned understands that Morgan Stanley & Co. LLC and Raymond James & Associates, Inc. (the “Managers”) proposes to enter into an Underwriting Agreement (the “Underwriting Agreement”) with Rayonier Inc., a North Carolina corporation (the “Company”), providing for the public offering (the “Public Offering”) by the several Underwriters, including the Managers (the “Underwriters”), of [●] common shares (the “Shares”), no par value, of the Company (the “Common Shares”).
