Mercer International Inc. announced that certain Canadian subsidiaries (the “Loan Parties”) of Mercer have entered into a new CDN$160 million ($126 million) joint asset-backed revolving credit facility with a syndicate of North American bank lenders. The new facility, which will be used for general corporate purposes, replaces two existing revolving credit facilities of certain of the Loan Parties aggregating CDN$100 million ($79 million).
Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber.
