Reported Earlier, Mercer Reaches Recapitalization Deal Exchanging About $1.1B Senior Notes For Equity, Cutting Senior Note Debt About 88%, Adds $400M Backstopped New Money
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Why It Matters
Mercer swapped most of its old debt for ownership pieces in the company. This gives them less debt to pay back and fresh money to run the business.
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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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