Mercer International Inc. Announces Pricing of Private Add-On Offering of Senior Notes
Mercer(MERC) GlobeNewswire News Room·2024-10-24 06:59
NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028 (the "Additional Notes"). The Additional Notes are being issued at a price of 103.000% of their principal amount, plus accrued interest from October 1, 2024, for a yield to worst of 11.624%. The net proceeds of the offering, along with cash on hand, will be used by t ...