Exhibit 99.1
For Immediate Release
MERCER INTERNATIONAL INC. COMPLETES PRIVATE ADD-ON OFFERING OF $200,000,000 OF 2028 SENIOR NOTES
NEW YORK, NY, October 30, 2024 - Mercer International Inc. (Nasdaq: MERC) (the
“Company”) today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028 (the “Additional Notes”).
The Additional Notes were issued at a price of 103.000% of their principal amount, plus accrued interest from October 1, 2024, for a
yield to worst of 11.624%. The Additional Notes were issued as additional notes under the indenture dated September 21, 2023, pursuant to which the Company previously issued $200.0 million aggregate principal of 12.875% senior notes due
2028. The net proceeds of the offering, along with cash on hand, will be used by the Company to redeem $300.0 million in principal amount of its currently outstanding 5.500% senior notes due 2026 (the “2026 Notes”).
Pursuant to the previously announced redemption, the Company will redeem all $300.0 million aggregate principal amount outstanding of
2026 Notes on November 1, 2024 at $1,000 per $1,000 of principal amount redeemed, plus accrued and unpaid interest to, but not including the redemption date.
As a result of the completion of the offering and the redemption, the Company will have reduced its total debt by $100.0 million.
The Additional Notes were sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the
“Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The Additional Notes have not been registered under the Securities Act or
any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption form, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state
securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Additional Notes in any state in which such offer, solicitation or sale would be unlawful.
Mercer International Inc. is a global forest products company with operations in Germany, the United States and Canada with consolidated
annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets and 230,000 metric tonnes of biofuels.