StocksDaily · 2026-11-03 03:36 UTC

$MERC Mercer International, signs a deal to cut its debt by about 88% through a prepackaged Chapter 11 — About $1.1B of senior notes swapped for equity, plus $400M in new money from a fully backstopped rights offering — Existing shareholders get only about 8.5% of the new common stock, and the current shares get cancelled — Over 87% of noteholders and a majority of shareholders already signed on, plan expected to be done by the end of 2026 — Risk: Nasdaq delisting is expected, and the stock would move to over the counter Not financial advice.

Loading the story on Tree News…