8-K
filed May 7, 2026, 7:59 PM ET
ticker MERC
CIK 0001333274
debt
confidence high
sentiment negative
materiality 0.78
Mercer German units get covenant waivers on €370M revolver; tighter terms imposed
MERCER INTERNATIONAL INC.
- Leverage ratio covenant waived for first three quarters of FY2026; compliance resumes Dec 31, 2026.
- Drawings capped at €300M if leverage >2.00x; average liquidity ≥$30M (13-week rolling); capex ≤€60M in 2026.
- Distributions to parent restricted; up to €15M allowed with Agent consent and conditions.
- Loan Parties must grant security over assets ≥110% of drawn amount; interest margin set at 2.50%-4.25%.
- New events of default include cross-default on 12.875% and 5.125% senior notes and Canadian revolver.
Machine-readable event card
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- secwatch.filing_event.v1
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- 0001193125-26-212050
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- ticker
- MERC
- cik
- 0001333274
- company_name
- MERCER INTERNATIONAL INC.
- filed_at
- 2026-05-07T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:32.165565+00:00
- generated_at
- 2026-05-14T21:27:56.350242+00:00
- sec_items
- ["1.01", "9.01"]
- event_type
- debt
- sentiment
- negative
- materiality_score
- 0.78
- calibrated_materiality_score
- 0.78
- confidence
- high
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- https://secwatch.observer/filing/0001193125-26-212050
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- https://secwatch.observer/filing/0001193125-26-212050.json
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- https://secwatch.observer/filing/0001193125-26-212050.md
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- https://secwatch.observer/filing/0001193125-26-212050.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1333274/000119312526212050/0001193125-26-212050-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1333274/000119312526212050/d102731d8k.htm
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- deepseek-v4-flash:cloud@v2
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