Mercer International Board And Ad Hoc Group Intended To Address Its Upcoming Debt Maturities; Company Is Optimistic That It Will Be Able To Announce Transaction In Near Term; Skipped ~$25.8M Interest Payment Due October 1 On Its 2028 Notes, Opted To Utilize 30-Day Grace Period
A special committee of independent directors of Mercer International Inc.’s (the "Company") board, together with the Company’s advisors, is in advanced discussions with an ad hoc group of holders (the "Ad
Mercer International skipped an interest payment on its debt this month. The company is talking with lenders about fixing its money problems soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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