Mercer International Inc. Completes Private Offering of $350 Million of Senior Notes
December 07 2018 - 11:02AM
Mercer International Inc. (Nasdaq: MERC) (the "Company") today
announced that it has completed its previously announced private
offering of $350 million in aggregate principal amount of 7.375%
senior notes due January 15, 2025 (the "Notes").
The Notes were issued at a price of 100% of
their principal amount. The net proceeds from this offering,
together with cash on hand, will be used to finance the purchase
price under the previously announced acquisition of all of the
outstanding shares of Daishowa-Marubeni International Ltd. and to
pay for fees and expenses.
The Notes were sold to qualified institutional
buyers in reliance on Rule 144A under the Securities Act of 1933,
as amended (the "Securities Act"), and outside the United States to
non-U.S. persons in reliance on Regulation S under the Securities
Act. The Notes have not been registered under the Securities
Act or any state securities laws and, unless so registered, may not
be offered or sold in the United States except pursuant to an
exemption form, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the Notes in any state in which such
offer, solicitation or sale would be unlawful.
Mercer International Inc. is a global forest
products company with operations in Germany and Canada.
The preceding includes forward looking
statements which involve known and unknown risks and uncertainties
which may cause our actual results in future periods to differ
materially from forecasted results. In particular, statements about
our plans or intentions regarding the intended use of proceeds of
the Notes and the proposed acquisition are forward-looking
statements and may not necessarily occur. Among those factors which
could cause actual results to differ materially are the following:
the highly cyclical nature of our business, raw material
costs, our level of indebtedness, competition, foreign exchange and
interest rate fluctuations, expenditures for capital projects,
environmental regulation and compliance, disruptions to our
production, market conditions and other risk factors listed from
time to time in our SEC reports.
APPROVED BY:
Jimmy S.H. LeeExecutive Chairman(604)
684-1099
David M. GandossiChief Executive Officer (604)
684-1099
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