Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Rayonier’s debt consisted of the following at December 31, 2016 and 2015:

	2016			2015
Term Credit Agreement borrowings due 2024 at a variable interest rate of 2.3% at December 31, 2016		$350,000			$170,000
Senior Notes due 2022 at a fixed interest rate of 3.75%	325,000			325,000
Incremental Term Loan Agreement borrowings due 2026 at a variable interest rate of 2.5% at December 31, 2016	300,000			—
Mortgage notes due 2017 at fixed interest rates of 4.35% (a)	31,676			42,638
Revolving Credit Facility borrowings due 2020 at a variable interest rate of 1.9% at December 31, 2016	25,000			97,000
Solid waste bonds due 2020 at a variable interest rate of 2.0% at December 31, 2016	15,000			15,000
New Zealand JV noncontrolling interest shareholder loan at 0% interest rate	18,796			23,242
New Zealand JV Revolving Credit Facility due 2016 at a variable interest rate of 3.54% at December 31, 2015	—			160,999
Total debt	1,065,472			833,879
Less: Current maturities of long-term debt	(31,676		)	—
Less: Deferred financing costs	(3,591		)	(3,325		)
Long-term debt, net of deferred financing costs		$1,030,205			$830,554

Schedule of Maturities of Long-term Debt

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

2017 (a)		$31,500
2018	—
2019	—
2020	40,000
2021	—
Thereafter	993,796
Total debt		$1,065,296

(a) The mortgage notes due in 2017 were recorded at a premium of $0.2 million and $0.6 million as of December 31, 2016 and 2015, respectively. Upon maturity the liability will be $31.5 million.