Mercer International's Chapter 11 bankruptcy

Update 1 sa 1PinakabagoNob 11, 9:03 PM UTCAraw 2

Mercer’s bankruptcy plan targets its debt, not a shutdown

Fitch has lowered Mercer’s issuer rating to D, but its operating subsidiaries are outside the Chapter 11 filings. A proposed debt-for-equity exchange and $400 million capital commitment still need to be carried through.

Manood

Pinakamaagang sourceKalkineNob 10, 11:10 AM UTC

Ano ang una nating nalaman

• ~$1.1bnBonds proposed for exchange into equity
• $400mFully backstopped new capital announced
• ~$700mTarget debt after restructuring