ACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc.  (NYSE:RYAM) today announced the pricing of its underwritten public offering (the “Offering”) of 1,500,000 shares of the Company’s 8.00 percent Series A Mandatory Convertible Preferred Stock (the “Mandatory Convertible Preferred Stock”). The underwriters of the Offering have a 30-day option to purchase a maximum of 225,000 additional shares of Mandatory Convertible Preferred Stock to cover over-allotments.

The offering price is $100 per share. The Offering is expected to close on August 10, 2016, subject to customary closing conditions.

BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book running managers of the Offering. DNB Markets, PNC Capital Markets LLC, TD Securities and US Bancorp are acting as co-managers of the Offering.