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Mercer International Inc.
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New York, New York, USA, 11 November 2010 -- (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC) (TSX:MRI.U) today announced that it has agreed to sell USD 300 million in aggregate principal amount of 9.5% senior notes due 01 December 2017 (the new notes) to initial purchasers who will resell the notes to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

The new notes will be issued at a price of 100% of their principal amount. The net proceeds of this issuance, together with cash on hand, will be used to finance the tender offer and consent solicitation for any and all of the company's currently outstanding 9.25% senior notes due 2013. The offering of the new notes is scheduled to close on 17 November 2010, subject to closing conditions.

The new notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. 

Mercer International Inc. is a global pulp manufacturing company. 

 

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