Mercer to price $200 million five-year notes in Tuesday drive-by

By Paul A. Harris

Portland, Ore., Sept. 19 – Mercer International, Inc. plans to price a $200 million offering of senior notes due 2028 (current ratings B2/B) in a Tuesday drive-by trailing a conference call with investors, according to a syndicate source.

The Rule 144A and Regulation S for life five-year notes are subject to an initial call in two years at par plus 50% of the coupon.

UBS is the left bookrunner. Credit Suisse, Barclays and RBC are the joint bookrunners.

The Vancouver, B.C.-based pulp producer plans to use the proceeds to pay down its revolving credit facility and for working capital and general corporate purposes, including discretionary capital projects at its facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.