MERCER INTERNATIONAL INC. (MERC): debt financing — Mercer International closes $200M offering of 12.875% senior notes due 2028

MERCER INTERNATIONAL INC.

Issued $200M aggregate principal of 12.875% senior notes due Oct 1, 2028 at 100% of par.
Net proceeds to repay borrowings under Canadian revolver and for working capital and general corporate purposes.
Notes are unsecured and rank equally with existing and future unsecured senior debt.
Interest payable semi-annually on Apr 1 and Oct 1, starting Apr 1, 2024.
Offerings sold to qualified institutional buyers under Rule 144A; not registered under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

MERCER INTERNATIONAL INC. incurred senior notes of $200.0 million with Computershare Trust Company, N.A. at 12.875% maturing October 1, 2028.

Instrument: senior notes
Principal: $200.0 million
Counterparty: Computershare Trust Company, N.A.
Rate: 12.875%
Maturity: October 1, 2028
Event: incurrence

Exact text from the filing

On September 21, 2023, Mercer International Inc. (the “Company”) and Computershare Trust Company, N.A., as trustee, entered into an indenture (the “Indenture”) with respect to the Company’s issuance of 12.875% senior notes due 2028 in an aggregate principal amount of $200.0 million (the “Notes”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MERCER INTERNATIONAL INC. entered into Indenture with Computershare Trust Company, N.A., as trustee valued at $200.0 million (effective 2023-09-21).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A., as trustee
Value: $200.0 million
Effective: 2023-09-21

Exact text from the filing

On September 21, 2023, Mercer International Inc. (the “Company”) and Computershare Trust Company, N.A., as trustee, entered into an indenture (the “Indenture”) with respect to the Company’s issuance of 12.875% senior notes due 2028 in an aggregate principal amount of $200.0 million (the “Notes”).

View on SEC.gov

Browse all debt financings →

MERCER INTERNATIONAL INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-239378

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.