Mercer International $300 million eight-year notes talked 9% to 9¼%

By Paul A. Harris

St. Louis, Feb. 4 - Mercer International Inc.'s $300 million offering of eight-year senior notes (Caa1/B) received price talk of 9% to 9¼%, according to a market source.

Pricing is expected to take place Tuesday.

RBC Capital Markets and Credit Suisse First Boston are the joint bookrunners for the public offering. CIBC World Markets is the co-manager.

The notes will come with four years of call protection and will contain a 35% equity clawback.

The company will also make a $100 million equity offering.

Proceeds will be used to partially fund the acquisition of the Celgar pulp mill in British Columbia and to refinance existing debt.

Mercer International is a Seattle-based Nbsk pulp producer.

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