Mercer International Inc., a global pulp manufacturing company listed on the NASDAQ and Toronto Stock Exchange, completed a cross-border debt offering of an aggregate of US$650-million principal amount of senior notes, consisting US$250-million principal amount of 7 per cent senior notes due 2019, and US$400-million principal amount of 7.750 per cent senior notes due 2022.
Mercer’s primary counsel on the transaction was Sangra Moller LLP with a team led by Harj Sangra and that included Rod Talaifar, Eileen Uy, Fraser Hartley, Evan Griffith and Aadam Tejpar. Davis Wright Tremaine LLP acted as US local counsel to Mercer with a team including Andrew Bond and Pamela Charles.
The Joint Book-Running Managers for the offering were Credit Suisse, Barclays and RBC Capital Markets, with Macquarie Capital and Raymond James as Co-Managers. Latham & Watkins LLP acted as counsel for the managers under the offering, led by Mark Stegemoeller and his team, which included Adam Wright, Marie Lye and Jeffrey Brenner from Latham & Watkins’ Los Angeles office. McCarthy Tétrault LLP, led by Andrew Parker, acted as Canadian counsel for the Managers.