Mercer prices $200M add-on of 12.875% senior notes due 2028; to redeem $300M 5.5% notes due 2026

MERCER INTERNATIONAL INC.

Priced $200M aggregate principal of 12.875% senior notes due 2028 at 103% of par, yield to worst 11.624%.
Proceeds plus cash on hand to redeem all $300M of 5.500% senior notes due 2026.
Additional notes issued under same indenture as existing $200M 12.875% notes due 2028; close on or about Oct 30, 2024.
Replaces low-coupon debt (5.5%) with high-coupon debt (12.875%); annual interest expense will increase significantly.
Notes offered under Rule 144A/Reg S; not registered under Securities Act.

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