DEBT (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Rayonier’s debt consisted of the following at December 31, 2019 and 2018:

	2019			2018
Term Credit Agreement due 2024 at a variable interest rate of 3.3% at December 31, 2019		$350,000			$350,000
Senior Notes due 2022 at a fixed interest rate of 3.75%	325,000			325,000
Incremental Term Loan Agreement due 2026 at a variable interest rate of 3.6% at December 31, 2019	300,000			300,000
Revolving Credit Facility due 2020 at a variable interest rate of 3.0% at December 31, 2019	82,000			—
Total debt	1,057,000			975,000
Less: Current maturities of long-term debt	(82,000		)	—
Less: Deferred financing costs	(1,871		)	(2,433		)
Long-term debt, net of deferred financing costs		$973,129			$972,567

Schedule of Maturities of Long-term Debt

Principal payments due during the next five years and thereafter are as follows: 

2020	82,000
2021	—
2022	325,000
2023	—
2024	350,000
Thereafter	300,000
Total debt		$1,057,000