NEW YORK, March 28, 2011 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC) (TSX:MRI-U) (the "Company") today announced that it has commenced a registered exchange offer to exchange up to $300 million aggregate principal amount of its 9.5% Senior Notes due 2017 which have been registered under the Securities Act of 1933, as amended (the "Registered Notes"), for any and all of its outstanding 9.5% Senior Notes due 2017 which were issued in a private placement (the "Private Notes").
The sole purpose for the exchange offer is to fulfill the obligations of the Company with respect to the registration of the Private Notes. Pursuant to a registration rights agreement entered into by the Company in connection with the sale of the Private Notes, the Company agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the Registered Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for Private Notes that are tendered by the holders of those notes.
Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.The terms of the exchange offer are contained in the exchange offer prospectus. The exchange offer will expire at 5:00 p.m. New York City Time, on April 26, 2011, unless extended. Private Notes tendered pursuant to the exchange offer may be withdrawn at any time prior to the expiration date by following the procedures set forth in the exchange offer prospectus. Requests for assistance or for copies of the exchange offer prospectus should be directed to Wells Fargo Bank, National Association, the exchange agent, at 608 2 nd Avenue South, 12 th Floor, MAC CODE: N9303-121, Minneapolis, Minnesota 55402, Attention: Bondholder Communications, (800) 344-5128. This press release shall not constitute an offer to sell any securities or a solicitation of an offer to buy any securities. The exchange offer will be made only by means of a written prospectus.
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