Mercer issues contingent call for $227 million of 7% notes due 2019

By Susanna Moon

Chicago, Jan. 30 – Mercer International Inc. issued a conditional redemption notice for its $227 million of outstanding 7% senior notes due 2019.

The purchase price would be $1,035 per $1,000 principal amount plus accrued interest to but excluding the redemption date of March 1.

The redemption is contingent upon closing of the company’s planned offering of $225 million senior notes due 2024, according to a company announcement.

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

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