Mercer issues call for $550 million 7 3/8% notes due 2025

By Wendy Van Sickle

Columbus, Ohio, Jan. 14 – Mercer International Inc. issued a conditional call to redeem all $550 million of its 7 3/8% senior notes due 2025 on Jan. 26, according to a news release.

The redemption price will be $1,036.88 per $1,000 principal amount plus accrued interest.

The redemption is conditioned upon the company’s deposit with the paying agent of sufficient funds to pay the redemption price.

The redemption, as well as a tender offer for the company’s $250 million of 6˝% senior notes due 2024, will be funded using proceeds of Mercer’s new issuance of $875 million of 5 1/8% notes due 2029.

The pulp producer is based in Vancouver, B.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.