Mercer buys back $15.245 million 8.5% convertibles

By Angela McDaniels

Seattle, Dec. 5 - Mercer International Inc. purchased and cancelled $15,245,000 principal amount of its 8.5% senior subordinated convertible notes due 2010 in exchange for 2,201,035 shares of the company's common stock, according to a news release.

Mercer International is a pulp manufacturing company based in Seattle.

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