Mercer International's Chapter 11 bankruptcy

Update 1 of 1LatestNov 11, 9:03 PM UTCDay 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.

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Earliest sourceKalkineNov 10, 11:10 AM UTC

What we knew first

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