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Mercer International Inc. Message Board

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  • peter_norths_proctologist peter_norths_proctologist Mar 28, 2011 3:30 PM Flag

    Rinse Repeat

    "...Their debt has also increased, and their loans are tapped out."

    Here are the facts:

    Mr. Lee added: "In the fourth quarter of 2010, we effectively extended the maturity of our senior unsecured indebtedness by purchasing and thereby cancelling $289.5 million in aggregate principal amount of our 9.25% senior notes due 2013 (the '2013 Notes') with the net proceeds of a private offering of $300 million in aggregate principal amount of 9.5% senior notes due 2017 and cash on hand. We will redeem the remaining $20.5 million of outstanding 2013 Notes on February 15, 2011."

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