Mercer International enters agreement to restructure $1.27 billion senior notes and provide $400 million in new capital
MERC•Mercer International agreed to restructure $1.27 billion in senior notes and provide $400 million in new capital, including exchanging $1.10 billion of notes for equity to reduce debt by 88%.
1. Recapitalization agreement
The agreement would eliminate $96 million in annual cash interest on senior notes. Plan confirmation is expected within 45 days, with the recapitalization expected to be completed by the end of 2026.
