NEW YORK, Sept. 19, 2023 (GLOBE NEWSWIRE) — Mercer Worldwide Inc. (Nasdaq: MERC) (the “Firm”) at this time introduced that it intends to supply on the market (the “Providing”) $200.0 million in mixture principal quantity of senior notes due 2028 (the “2028 Notes”).
The Firm intends to make use of the online proceeds of the Providing to pay down borrowings underneath its Canadian revolving credit score facility, and for working capital and normal company functions, together with discretionary capital tasks at its services.
The 2028 Notes will probably be provided and bought to certified institutional patrons in reliance on Rule 144A underneath the Securities Act of 1933, as amended (the “Securities Act”), and outdoors the USA to non-U.S. individuals in reliance on Regulation S underneath the Securities Act. The 2028 Notes haven’t been registered underneath the Securities Act, or any state securities legal guidelines, and until so registered, is probably not provided or bought in the USA besides pursuant to an exemption from, or in a transaction not topic to, the registration necessities of the Securities Act and relevant state securities legal guidelines. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of the 2028 Notes in any state or jurisdiction during which such supply, solicitation or sale could be illegal.
Mercer Worldwide Inc. is a world forest merchandise firm with operations in Germany, the USA and Canada with consolidated annual manufacturing capability of two.3 million tonnes of pulp, 960 million board toes of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets and 230,000 metric tonnes of biofuels.
The previous accommodates “ahead trying statements” inside the that means of federal securities legal guidelines and is meant to qualify for the protected harbor from legal responsibility established by the Personal Securities Litigation Reform Act of 1995, together with, with out limitation, the Firm’s intentions relating to the consummation of the Providing, and the supposed use of proceeds. “Ahead trying statements” contain unknown dangers and uncertainties which can trigger the Firm’s precise leads to future durations to vary materially from forecasted outcomes. These statements are based mostly on the Firm’s administration’s estimates and assumptions with respect to future occasions, which embody uncertainty as to its skill to consummate the Providing, which estimates are believed to be cheap, although inherently unsure and troublesome to foretell. A dialogue of things that might trigger precise outcomes to differ is included within the Firm’s Annual Report on Kind 10-Okay and different periodic stories filed with the Securities and Change Fee.
APPROVED BY:
Jimmy S.H. Lee
Government Chairman
(604) 684-1099
Juan Carlos Bueno
Chief Government Officer
(604) 684-1099
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