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Mercer International Inc. Announces Completion of €300 Million New Term Revolving Credit Facility Related to Sustainability, Canadian Business Journal

NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) — Mercer International Inc., or “Mercer” (Nasdaq: MERC), today announced that it has entered into a new €300 million revolving credit facility for its German subsidiary. did. Syndicate of European Banks (“New Facilities”). The new facility has a term of five years, is unsecured and bears interest at Euribor plus a specified margin.

The new facility is “sustainability linked” and will reduce the applicable interest rate if certain sustainability goals are met. Sustainability-related features align with Mercer’s long-term ESG goals validated by the Science Based Targets Initiative.

The new facility will be available to Mercer’s German operating subsidiaries, including following the completion of the acquisition of HIT Holzindustrie Torgau GmbH & Co. KG, and will replace Mercer’s current €200 million revolving credit facility.

In connection with the new facility, Mercer was represented by Sangra Moller LLP.

Mercer International Inc. is a global pulp manufacturing company. For more information about the company, please visit its website at http://www.mercerint.com.

The above contains forward-looking statements that involve known and unknown risks uncertainties that could cause actual results in future periods to differ materially from actual results; prediction result. Words like “expect”, “predict”, “optimistic”, “predict” “intend,” “designed,” “will,” “believe,” “estimate,” “may,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements.Among them Factors that could cause actual results to differ materially include:High cyclicality of business, raw material costs, debt levels, competition, foreign exchange changes in interest rates, use of derivatives, expenditure on capital projects; environmental regulations and compliance, production disruptions, market conditions, Other risk factors described from time to time in SEC reports.

Approved by:

Jimmy SH Lee
representative
(604) 684-1099

Juan Carlos Bueno
Chief executive officer
(604) 684-1099

contact
For more information, please contact:
name: David K. Ure
Title: Senior Vice President Finance, CFO, Secretary
phone: (604) 684-1099
Email: [email protected]

Mercer International Inc. Announces Completion of €300 Million New Term Revolving Credit Facility Related to Sustainability, Canadian Business Journal
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Mercer International Inc. Announces Completion of €300 Million New Term Revolving Credit Facility Related to Sustainability, Canadian Business Journal

Source link Mercer International Inc. Announces Completion of €300 Million New Term Revolving Credit Facility Related to Sustainability, Canadian Business Journal

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