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Mercer International Enters Agreement To Restructure $1.27 Billion Senior Notes And Provide $400 Million New Capital

By Reuters News

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

Further company coverage: MERC.O

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