debt
confidence high
sentiment neutral
materiality 0.50
Mercer enters €300M sustainability-linked revolving credit facility, replacing €200M facility
MERCER INTERNATIONAL INC.
- €300M unsecured revolving credit facility with five-year term, replaces prior €200M facility.
- Interest at Euribor plus stipulated margin; sustainability-linked rate reduction for meeting ESG targets.
- Facility available to German subsidiaries including HIT Holzindustrie Torgau after acquisition closing.
- Sustainability targets aligned with Science Based Targets Initiative; consistent with Mercer's ESG objectives.
- Customary restrictive covenants, representations, warranties, and events of default.