Mercer International Enters Agreement To Restructure $1.27 Billion Senior Notes And Provide $400 Million New Capital
Nov 2 (Reuters) - Mercer International Inc MERC.O:
MERCER INTERNATIONAL ANNOUNCES COMPREHENSIVE RECAPITALIZATION AGREEMENT WITH SIGNIFICANT SUPPORT FROM NOTEHOLDERS AND SHAREHOLDERS
MERCER INTERNATIONAL - TO EXCHANGE $1.10 BILLION SENIOR NOTES FOR EQUITY, REDUCING DEBT BY 88%
MERCER INTERNATIONAL - RECAPITALIZATION ELIMINATES $96 MILLION OF ANNUAL CASH INTEREST ON SENIOR NOTES
MERCER INTERNATIONAL - ENTERS AGREEMENT TO RESTRUCTURE $1.27 BILLION SENIOR NOTES AND PROVIDE $400 MILLION NEW CAPITAL
MERCER INTERNATIONAL - PLAN CONFIRMATION EXPECTED WITHIN 45 DAYS, RECAPITALIZATION COMPLETION BY END OF 2026
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