Mercer International Plans $50 Mln Senior Notes Offering

(RTTNews) - Mercer International Inc. (MERC) said Wednesday that it plans to offer $50 million aggregate principal amount of its 9.5% senior notes due 2017 in a registered offering.

,The notes will be issued as additional notes under an indenture, dated as of November 17, 2010, between Mercer and Wells Fargo Bank, National Association, as trustee, pursuant to which Mercer previously issued $300 million aggregate principal amount of 9.5% senior notes due 2017.

Mercer said it plans to use the net proceeds from the offering to repay revolving credit indebtedness and for general corporate purposes.