Mercer International announces up to USD650m in Shelf Registration Statement & Canadian Shelf.
M2 EQUITYBITES-September 16, 2016-Mercer International announces up to USD650m in Shelf Registration Statement & Canadian Shelf
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Mercer International (NasdaqGS:MERC) (TSX:MRI.U), a pulp manufacturing company, said on Thursday that it has filed up to USD650m in universal shelf registration statement on Form S-3 (the Shelf Registration Statement) with the Securities and Exchange Commission (SEC) as well as shelf prospectus (the Canadian Shelf) with certain Canadian securities regulators.
Upon being declared effective, the company will offer and sell, from time to time in one or more public offerings, up to USD650m of debt securities, common stock, preferred stock and warrants to purchase common stock or debt securities, or any combination thereof.
The company sells northern bleached softwood Kraft (NBSK) pulp worldwide. It produces NBSK pulp principally from wood chips and pulp logs and tall oil for use as a chemical additive and green energy source, as well as carbon neutral or green energy using carbon-neutral biofuels.
Headquartered in Vancouver, Canada, the company sells its pulp to tissue, specialty papers and printing and writing paper manufacturers; As well as green energy to third party utilities.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Sep 16, 2016|
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