Mercer wants to use the net proceeds of the offering to pay down borrowings and for working capital and general corporate purposes, which include various investment projects involving the company’s production sites.
The offering of the senior notes is expected to close around September 21, 2023, subject to the satisfaction of customary closing conditions, and will be due on October 1, 2028, as Mercer informs. The notes are being issued at a price of 100% of their principal amount.
