Attached files
file | filename |
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8-K - FORM 8-K - MERCER INTERNATIONAL INC. | c08779e8vk.htm |
EX-4.1 - EXHIBIT 4.1 - MERCER INTERNATIONAL INC. | c08779exv4w1.htm |
EX-4.2 - EXHIBIT 4.2 - MERCER INTERNATIONAL INC. | c08779exv4w2.htm |
EX-4.3 - EXHIBIT 4.3 - MERCER INTERNATIONAL INC. | c08779exv4w3.htm |
EX-1.1 - EXHIBIT 1.1 - MERCER INTERNATIONAL INC. | c08779exv1w1.htm |
EX-99.2 - EXHIBIT 99.2 - MERCER INTERNATIONAL INC. | c08779exv99w2.htm |
Exhibit
99.1
For Immediate Release
MERCER INTERNATIONAL INC. COMPLETES PRIVATE OFFERING OF
$300 MILLION OF SENIOR NOTES
NEW YORK, NY, November 17, 2010 Mercer International Inc. (Nasdaq: MERC, TSX: MRI.U) (the
Company) today announced that it has completed its previously announced private offering of $300
million in aggregate principal amount of 9.5% Senior Notes due 2017 (the New Notes). The New
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 tender offer and consent
solicitation for any and all of the Companys currently outstanding 9.25% Senior Notes due 2013.
The New Notes were offered and sold only 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 New 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 from,
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 New Notes in any state in which
such offer, solicitation or sale would be unlawful.
Mercer International Inc. is a global pulp manufacturing company.
The preceding includes forward-looking statements which involve known and unknown risks and
uncertainties which may not prove to be accurate. Actual outcomes and results may differ
materially from what is expressed or forecasted in these forward-looking statements. In particular,
statements about our plans or intentions regarding the completion of the tender offer and consent
solicitation 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, our use of derivatives, 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:
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FD | |
Investors/Media: Eric Boyriven, Alexandra Tramont | ||
Jimmy S.H. Lee
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(212) 850-5600 | |
Chairman & President |
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(604) 684-1099 |
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David M. Gandossi |
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Executive Vice-President & |
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Chief Financial Officer |
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(604) 684-1099 |