Mercer International Inc. announced advanced discussions with holders of its senior notes regarding a comprehensive recapitalization and significant capital infusion to address upcoming debt maturities and strengthen the balance sheet. The company elected not to make an approximately $25.8 million interest payment due October 1, 2026 on its 12.875% Senior Notes due 2028, utilizing a 30-day grace period which does not constitute an event of default. Operations in pulp, lumber, and mass timber continue normally while negotiations proceed. Mercer International Inc. operates in the forest products industry, producing pulp, lumber, and mass timber.
