FIVE-YEAR REVOLVING CREDIT AGREEMENT among RAYONIER INC., RAYONIER TRS HOLDINGS INC., RAYONIER OPERATING COMPANY LLC and RAYONIER FOREST RESOURCES, L.P., as Borrowers, The Lenders from Time to Time Parties Hereto, The Issuing Banks from Time to Time...Credit Agreement • April 26th, 2011 • Rayonier Inc • Real estate investment trusts • New York
FIVE-YEAR REVOLVING CREDIT AGREEMENT, dated as of April 21, 2011 (as supplemented, modified and amended from time to time, this “Agreement”), made by and among RAYONIER INC., a North Carolina corporation (“Rayonier”), RAYONIER TRS HOLDINGS INC., a Delaware corporation (“TRS”), RAYONIER FOREST RESOURCES, L.P., a Delaware limited partnership (“RFR”) and RAYONIER OPERATING COMPANY LLC, a Delaware limited liability company (“ROC”; each of Rayonier, TRS, RFR and ROC being referred to herein individually as a “Borrower”, and collectively as the “Borrowers”), the several banks, financial institutions and other institutional lenders from time to time party hereto (the “Lenders”), the letter of credit issuing banks from time to time party hereto (the “Issuing Banks”), CREDIT SUISSE AG, acting through one or more of its affiliates or branches (“Credit Suisse”), as administrative agent on behalf of the Lenders (in such capacity, the “Administrative Agent”), CREDIT SUISSE SECURITIES (USA) LLC (“Cr
