Mercer International's Chapter 11 bankruptcy

Taarifa mpya ya 1 kati ya 1Ya hivi karibuni11 Nov, 21:03 UTCSiku ya 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.

Tazama

Chanzo cha kwanzaKalkine10 Nov, 11:10 UTC

Tulichojua kwanza

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