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Mercer International Inc. (MERC) Message Board

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  • peter_norths_proctologist peter_norths_proctologist Mar 31, 2011 4:08 PM Flag

    why I just traded some

    Corect. On 3/28 they offered to exchange Registered Notes for the Private Notes. That was the "big" news.

    NEW YORK, March 28, 2011 (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC - News) (TSX:MRI-U - News) (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.

 
MERC
10.20-0.22(-2.11%)Jul 22 4:00 PMEDT

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