Mercer International Inc. reported a third-quarter net loss of $59.2 million, or $0.88 per share, an improvement from the $80.8 million loss in the prior year period. Operating EBITDA improved to negative $2.9 million from negative $28.1 million, aided by government grants and cost reduction initiatives. Concurrently, the company announced it entered into restructuring support agreements with holders of more than 87% of its senior notes and a majority of common stock. The agreement outlines a comprehensive recapitalization involving the exchange of approximately $1.1 billion in existing debt for equity and $400 million in new fully backstopped capital. To implement this plan, Mercer expects to commence voluntary Chapter 11 prepackaged bankruptcy cases in late November 2026. Mercer International Inc. is a global forest products company producing pulp, lumber, and biofuels.
