Mercer International Inc. Takes Next Step to Implement Recapitalization and Effectuate Balance Sheet Restructuring
Globe Newswire•09/11/2026•22:00 ET
0
Key Highlights
- ➤Mercer (MERC) commenced prepackaged Chapter 11 cases with support from over 88% of senior noteholders
- ➤Recapitalization targets approximately 88% senior note debt reduction and over $100 million annual interest savings
- ➤Fully backstopped rights offering expected to provide approximately $400 million of new capital
- ➤Mercer expects to complete restructuring and emerge by the end of calendar year 2026
- ➤Operating subsidiaries will continue ordinary-course operations; Nasdaq trading suspension remains possible
Expert Statements
Juan Carlos Bueno, President and Chief Executive Officer of Mercer International Inc.
“This filing is a planned step toward completing our previously announced Recapitalization. The transaction is expected to significantly improve our capital structure and position Mercer for long-term success.”
Juan Carlos Bueno, President and Chief Executive Officer of Mercer International Inc.
“The Recapitalization provides a clear framework for implementing the transactions contemplated by the RSA. Throughout this process, our operations are continuing in the ordinary course, and we remain focused on supporting our employees and working closely with our customers, suppliers and other business partners. We appreciate the constructive engagement of our supporting stakeholders and look forward to completing the process on the contemplated timeline and emerging as a stronger company and partner to our stakeholders.”
Initiates Previously Disclosed Pre-Packaged Voluntary Restructuring Process with Significant Stakeholder Support
Operations will Continue in the Ordinary Course with No Impact on Customers, Suppliers and Employees; Expects to Emerge by the End of 2026
Get started
Create a free account to read the full story.