NEW YORK, March 16, 2017 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC) (TSX:MERC.U) (the "Company") today announced the pricing of its previously announced offering of $25.0 million aggregate principal amount of 6.500% senior notes due 2024 (the "Additional Notes"). The Additional Notes are being offered and 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 are being issued at a price of 100% of their principal amount, plus accrued interest, if any, from February 3, 2017. The net proceeds from the offering, along with cash on hand, will be used to finance the Company's acquisition of substantially all of the assets comprising a sawmill and bio-mass power plant located near Friesau, Germany and for general working capital purposes.

The Additional Notes are being offered as additional notes under the indenture, dated as of February 3, 2017, pursuant to which the Company previously issued $225 million aggregate principal amount of 6.500% senior notes due 2024 (the "Existing Notes").  The Additional Notes will have the same CUSIP number as, and are expected to be fully fungible with, rank equally with and form a single series with, the Existing Notes.  The offering of the Additional Notes is expected to close on or around March 27, 2017, subject to the satisfaction of customary closing conditions.

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 from, 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 or jurisdiction in which such offer, solicitation or sale would be unlawful. 

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