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Mercer International to price public sale of 7 million common shares
Credit Suisse, Raymond James to raise funds to capitalize Stendal mill
By Devika Patel
Knoxville, Tenn., March 24 - Mercer International, Inc. said it will price a public offering of 7 million common shares with a 30-day greenshoe of 1.05 million additional shares.
Credit Suisse Securities (USA) LLC is the bookrunning manager. Raymond James & Associates, Inc. is the co-manager.
Proceeds will be used to capitalize the Stendal mill, for targeted capital expenditures and for general working capital purposes.
Mercer is a pulp manufacturing company based in Vancouver, B.C., with U.S. headquarters in Seattle.
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