MERCER INTERNATIONAL INC. (MERC) Form SCHEDULE 13D — Nov 9, 2026
Redwood Capital Management and affiliated reporting persons filed an exit Schedule 13D on Mercer International, disclosing they sold all 4,648,133 shares they held on November 3, 2026 at a weighted average price of $0.2163 (range $0.1902 to $0.2409), and now beneficially own 0% of Mercer's 67,018,033 shares outstanding. The filing reveals that Redwood funds, as holders of Mercer's 12.875% Senior Notes due 2028 and 5.125% Senior Notes due 2029, entered a Restructuring Support Agreement and Backstop Commitment Letter on November 2, 2026 supporting a comprehensive debt restructuring subject to Bankruptcy Court confirmation.
Key figures
- Offering Price
- 0.2163
- Shares Offered
- 4648133
- Shares Outstanding
- 67018033
- Sale price range
- $0.1902 to $0.2409
- Put option premium
- $56.0 million
- Shares sold nov 3 2026
- 4648133
- Takeback senior secured notes
- $150.0 million
- New money senior secured notes
- $420.0 million (incl. $20.0M OID)
- New convertible preferred stock
- $325.0 million
- New common stock to notelholders
- 91.5%
- Convertible preferred to notelholders
- 56.5%
AI analysis
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