debt
confidence high
sentiment neutral
materiality 0.55
Mercer International announces $200M add-on note offering at 12.875% to redeem $300M of 5.5% notes due 2026
MERCER INTERNATIONAL INC.
- Add-on offering of $200M senior notes due 2028; same terms as existing 12.875% notes.
- Conditional redemption of all $300M of 5.500% senior notes due 2026 at $1,000 per $1,000 plus accrued interest.
- Redemption date set for November 1, 2024, conditioned on completion of the offering and deposit of funds.
- Net proceeds from offering plus cash on hand used to fund the redemption of the 2026 notes.