AMERICAS DISTRESSED WATCH: Rayonier Advanced, Unit, Intelsat

March 23, 2020, 2:43 PM UTC

Below are potentially significant dates and relevant background for distressed-debt situations in North and South America. Rayonier Advanced has payments due, while a debt swap expiration approaches for Unit Corp. A payment nears for Intelsat.

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  • Rayonier Advanced Materials
    • March 26: Payment on TLA1 due 2022, TLA2 due 2024
    • NOTE: S&P downgrades in March, calls capital structure unsustainable; co. relaxes leverage ratio, per filing; ...





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