RAYONIER ADVANCED MATERIALS INC. UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATIONForma Condensed Combined Financial Information • January 30th, 2018 • Rayonier Advanced Materials Inc. • Plastic material, synth resin/rubber, cellulos (no glass)
Rayonier Advanced Materials Inc. (“Rayonier”) and Tembec Inc. (“Tembec”), entered into an Arrangement Agreement on May 24, 2017, and subsequently amended on July 23, 2017 (together, the "Agreement"), for Rayonier to acquire all of the outstanding common shares of Tembec. On November 17, 2017, Rayonier, pursuant to the terms of the Agreement and through its wholly owned subsidiary Rayonier A.M. Global Investments Luxembourg SARL, acquired all of the outstanding common shares of Tembec for an aggregate purchase consideration of approximately C$317 million in cash and 8.4 million shares of the Company’s common stock, par value US$0.01 per share (the "Acquisition"). The Acquisition and its related costs were funded with cash-on-hand and borrowings under the amended and restated credit agreement in an aggregate principal amount of US$680 million.
