Mercer’s Canadian units get C$160 million five-year ABL revolver

By Wendy Van Sickle

Columbus, Ohio, Jan. 21 – Mercer International Inc. said certain of its Canadian subsidiaries entered into a new C$160 million joint asset-backed revolving credit facility with a syndicate of North American banks, replacing two existing revolvers that totaled C$100 million, according to a news release.

The new facility has a five-year term, and availability is based on a borrowing base. It is secured by substantially all of the loan parties' assets.

The revolver will bear interest at adjusted term SOFR plus a margin that will depend on the leverage ratio.

Mercer is a pulp manufacturing company based in Vancouver, B.C., with U.S. headquarters in Seattle.

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