MERCER INTERNATIONAL INC. (NASDAQ:MERC) Files An 8-K Other Events
ITEM8.01
OTHER EVENTS. |
On March16, 2017, Mercer International Inc. (the Company)
announced the pricing of its previously announced offering of
$25.0million aggregate principal amount of 6.500% senior notes
due 2024 (the Additional Notes). The Additional Notes will be
issued at a price of 50% of their principal amount, plus accrued
interest, if any, from February 3, 2017. The Additional Notes
will be offered as additional notes under an existing indenture,
dated February 3, 2017, between the Company and Wells Fargo Bank,
National Association, as trustee, to which the Company previously
issued $225million aggregate principal amount of 6.500% senior
notes due 2024 (the Existing Notes). The Additional Notes will
have the same CUSIP number as, and are expected to be fully
fungible with, rank equally with and form a single series with,
the Existing Notes.
The Additional Notes are being offered and sold to qualified
institutional buyers in reliance on Rule 144A under the
Securities Act of 1933, as amended (the Securities Act), and
outside the United States to non-U.S. persons in reliance on
Regulation S under the Securities Act.
A copy of the Companys press release dated March16, 2017 is
attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
This Current Report on Form 8-K does not constitute an offer to
sell, or a solicitation of an offer to buy, the Additional Notes
or any security, and shall not constitute an offer, solicitation
or sale in any jurisdiction in which such offering would be
unlawful.
ITEM9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) Exhibits
ExhibitNo. |
Description |
|
99.1 | Press release of the Company dated March16, 2017. |
About MERCER INTERNATIONAL INC. (NASDAQ:MERC)
Mercer International Inc. is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source. The Company operates over two mills in Eastern Germany and approximately one mill in Western Canada. The Company’s NBSK pulp mills include Rosenthal mill, which is located in the town of Blankenstein, Germany, approximately 300 kilometers south of Berlin; Stendal Mill, which is located near the town of Stendal, Germany, approximately 130 kilometers west of Berlin, and Celgar Mill, which is located near the city of Castlegar, British Columbia, Canada, over 600 kilometers east of Vancouver. The Company’s NBSK pulp mills has an annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and generates over 305 megawatts (MW) of electricity. MERCER INTERNATIONAL INC. (NASDAQ:MERC) Recent Trading Information
MERCER INTERNATIONAL INC. (NASDAQ:MERC) closed its last trading session 00.00 at 11.35 with 288,003 shares trading hands.