Welcome to our dedicated page for Mercer International news (Ticker: MERC), a resource for investors and traders seeking the latest updates and insights on Mercer International stock.
Mercer International Inc. (NASDAQ: MERC) is a global leader in the forest products industry, specializing in the production of fiber, renewable energy, and chemicals from sustainable sources. As one of the world's largest producers of Northern Bleached Softwood Kraft (NBSK) market pulp, Mercer operates with a substantial annual capacity of approximately 1.525 million air-dry metric tons (admt) across its three state-of-the-art mills located in Canada and Germany. These facilities are renowned for their superior product quality, consistent output, and exceptional service.
Mercer operates through two main segments: Pulp and Solid Wood. The Pulp segment includes the manufacturing, sale, and distribution of pulp, electricity, and chemicals. The Solid Wood segment is involved in the production and sale of lumber, wood pallets, biofuels, and wood residuals. Mercer's operations extend to multiple geographical regions including the USA, Germany, China, and other countries, with the majority of its revenue being driven by its operations in the United States.
Mercer's commitment to sustainability is reflected in its low capital requirements, high efficiency, and compliance with state-of-the-art environmental standards, ensuring that all facilities are net energy producers. The company continues to innovate, focusing on the renewable energy sector and significantly contributing to the global supply of essential human needs.
In recent news, Mercer International announced the dissolution of its 50/50 joint venture in Cariboo Pulp and Paper with West Fraser Timber Co. Ltd. This strategic move allows Mercer to redeploy resources to areas aligned with its long-term focus, enhancing its operational efficiency. The company is led by CEO Juan Carlos Bueno and Executive Chairman Jimmy S.H. Lee.
For live updates and detailed financial and operating highlights, investors can visit the Investor Relations section of Mercer's website.
Mercer International reported strong quarterly results with Operating EBITDA of $49.5 million for Q4 2020, an increase from a loss of $34.2 million in the previous year. However, the company posted a net loss of $13 million for the quarter, compared to a net loss of $72.7 million in Q4 2019. For the full year, Operating EBITDA decreased by 8% to $192.7 million with a net loss of $17.2 million ($0.26 per share). A quarterly dividend of $0.065 per share is set for April 7, 2021. The company anticipates stable pulp demand and robust lumber pricing in 2021.
Mercer International Inc. (Nasdaq: MERC) has completed a private offering of $875.0 million in 5.125% senior notes due February 1, 2029. The company utilized proceeds to refinance its $250.0 million 6.500% senior notes due 2024 and to redeem existing 7.375% senior notes due 2025. Under the tender offer, $100,069,000 of the 2024 notes were purchased, with the remaining notes set for redemption on February 13, 2021. The notes were sold to qualified institutional buyers in compliance with SEC regulations.
Mercer International (NASDAQ: MERC) will announce its fourth quarter results on February 16, 2021, after market close. Following the release, a conference call will be hosted on February 17, 2021, at 10:00 am ET by CEO David M. Gandossi and CFO David K. Ure to discuss the results. Interested parties can participate by phone or through an online link. Mercer operates in Germany, Canada, and Australia, producing approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber annually, emphasizing sustainability in its bioproducts.
Mercer International Inc. (Nasdaq: MERC) has announced an upsized private offering of $875 million in 5.125% senior notes due February 1, 2029, an increase from the previously planned $500 million. The funds will refinance $250 million of 6.500% senior notes due 2024 and redeem $550 million of 7.375% senior notes due 2025. Redemption of the 2025 Notes is set for January 26, 2021, conditional upon completion of the offering. The offering is aimed at qualified institutional buyers and is structured under Rule 144A. The anticipated closing date is also January 26, 2021.
Mercer International Inc. (Nasdaq: MERC) announced an offering of $500 million in senior notes due 2029 to finance its tender offer for $250 million of its 6.500% Senior Notes due 2024 and a partial redemption of the 7.375% Senior Notes due 2025. The tender offer expires on January 21, 2021, with expected settlement on January 26, 2021. The notes are being offered to qualified institutional buyers and have not been registered under the Securities Act. The company operates in Germany and Canada, with significant production capacities in pulp and lumber.
Mercer International announced a cash tender offer for its outstanding 6.500% Senior Notes due 2024, totaling $250 million. The offer will pay $1,018.35 per $1,000 principal amount, excluding accrued interest. The tender offer is set to expire at 5:00 p.m. ET on January 21, 2021, with expected settlement on January 26, 2021. This move is conditioned upon receiving sufficient net proceeds from new debt financing. Following the tender, unaccepted notes may be redeemed at $1,016.25 per $1,000 principal amount, with a redemption date of February 13, 2021.
Mercer International today announced that David M. Gandossi, President and CEO, will present at the 24th Annual CIBC Western Institutional Investor Conference on January 22, 2021, at 9:40 AM. The presentation will be available on the company's website under the 'Investors - Current Documents' section on the morning of the event. Mercer produces bioproducts and is a leading global producer of forest products with operations in Germany, Canada, and Australia, boasting a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
Mercer International announced that David K. Ure, CFO, will present at the BofA Securities 2020 Virtual Leveraged Finance Conference on December 2, 2020, at 10:30 AM ET. A copy of his presentation will be available on the Company’s website post-event. Mercer is a global producer of bioproducts, with a consolidated annual production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber, operating in Germany, Canada, and Australia. For more details, visit www.mercerint.com.
Mercer International announced that its President and CEO, David M. Gandossi, will present at the 2020 RBC Capital Markets Forest Products Virtual Conference on December 2nd, 2020, with a panel discussion scheduled for 12:55 PM ET. A copy of the presentation will be available in the Investors - Current Documents section of their website on the morning of the event. Mercer is a global producer of forest products and bioproducts, with a production capacity of approximately 2.2 million tonnes of kraft pulp and 550 million board feet of softwood lumber.
In the third quarter, MERC reported a net income of $7.5 million alongside an Operating EBITDA of $45.6 million. The company achieved record results in its Wood Segment, demonstrating robust performance. Additionally, with cash on hand and available credit facilities, MERC maintains substantial liquidity, positioning itself favorably for future growth.
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