poisar

Stocks · News reference

Mercer International shares are trading lower after the company disclosed it will skip a $25.8 million interest payment and utilize the 30-day grace period while negotiating a balance-sheet recapitalization.

Benzinga Newsdesk
More stocks newsConnected markets

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

MERC
Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. Benzinga Newsdesk

    Mercer International Board And Ad Hoc Group Intended To Address Its Upcoming Debt Maturities; Company Is Optimistic That It Will Be Able To Announce Transaction In Near Term; Skipped ~$25.8M Interest Payment Due October 1 On Its 2028 Notes, Opted To Utilize 30-Day Grace Period

    A special committee of independent directors of Mercer International Inc.’s (the "Company") board, together with the Company’s advisors, is in advanced discussions with an ad hoc group of holders (the "Ad

    MERC