Mercer Secures Noteholder Support for Proposed Chapter 11 Restructuring
Mercer announced support agreements with senior noteholders holding about 87% of outstanding notes and equityholders holding about 50% of existing shares. The proposed plan includes a $420 million rights offering backstop.
Mercer announced agreements supporting a proposed Chapter 11 restructuring, including support agreements with senior noteholders holding about 87% of outstanding notes and equityholders holding about 50% of existing shares. The plan contemplates a $420 million rights offering, new debt and equity f…