debt
confidence high
sentiment neutral
materiality 0.65
Mercer Intl announces $200M senior notes offering due 2028; provides Q3 pulp price and downtime update
MERCER INTERNATIONAL INC.
- $200M senior notes due 2028 to be privately offered; proceeds to repay Canadian revolver and for working capital/capex.
- NBSK pulp prices in China averaged $670/ADMT in August, up from $648 in June; NBHK increased to $530/ADMT.
- Expects 37 days total pulp mill downtime in Q3 (14 maintenance, 23 other) totaling ~45,350 ADMTs.
- Expanded German RCF by €70M to €370M; formal amendment expected shortly.