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Mercer International's Chapter 11 bankruptcy

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    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.

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    Kalkine

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

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15 testate · 26 fonti

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Chi è coinvolto

Chi è coinvolto

Organizzazioni

  • Fitch GroupAmerican credit rating agency

Luoghi

  • Houston
  • Vancouver