Mercer’s German units enter €300 million five-year revolver

By Marisa Wong

Los Angeles, Sept. 20 – Various German subsidiaries of Mercer International Inc. entered into a new €300 million joint revolving credit facility on Sept. 15 with a group of bank lenders, according to an 8-K filing with the Securities and Exchange Commission.

The five-year revolver is sustainability-linked. If certain sustainability targets are achieved, there is a reduction in the applicable interest rate, which is based on Euribor and a stipulated margin.

The revolver, which will be used for general corporate purposes, replaces an existing revolver aggregating €200 million.

In connection with the new facility, Mercer was represented by Sangra Moller LLP.

Mercer is a Vancouver, B.C.-based global pulp manufacturing company.

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