Moody's rates Mercer's new notes B1; outlook stable
Approximately $225 million new notes rated. Toronto, January 30, 2017-- Moody's Investors Service, assigned a B1 rating to Mercer International Inc.' s new $225 million senior unsecured notes offering. The net proceeds, along with cash on hand, will be used to repurchase the company's existing $227 million 7.0% senior unsecured notes due 2019. The company's Ba3 corporate family rating, Ba3-PD probability of default rating and SGL-1 liquidity rating are unchanged.
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