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Mercer International has reached restructuring support agreements to cut debt via a prepackaged Chapter 11 filing, exchanging about USD 1.1 billion of senior notes for equity and securing USD 400 million in new capital. The plan is expected to be completed by end-2026.
“Mercer International has reached restructuring support agreements with holders of more than 87% of its senior notes and a majority of common shares to cut debt via a prepackaged Chapter 11 filing.”packagingnewsdaily.com
Summarized from public sources; check the original articles before acting on it.