Mercer begins tender offer for any and all 6½% senior notes due 2024

By Taylor Fox

New York, Jan. 14 – Mercer International Inc. has begun a cash tender offer for any and all of its $250 million outstanding 6½% senior notes due 2024 (Cusip: 588056AU5), according to a news release.

Holders who tender notes prior to the expiration at 5 p.m. ET Jan. 21 will receive $1,018.35 per $1,000 of notes plus interest.

The offer is subject to certain conditions, including the receipt of proceeds from one or more new debt financings on terms and conditions satisfactory in an amount sufficient to pay for all notes accepted for payment in the offer.

The tender offer is not conditioned on any minimum amount of notes being tendered.

Mercer plans to redeem notes that are not accepted for purchase under the offer at a price of $1,016.25 per $1,000 of notes plus interest on Feb. 13.

The settlement date for the tender offer is expected to be Jan. 26.

Credit Suisse Securities (USA) LLC (212 325-6340, 800 820-1653) is the dealer manager, and D.F. King & Co., Inc. (212 269-5550, 866 530-8635; mercer@dfking.com) is the information and tender agent.

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

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