NEW YORK, May 22 /CNW/ -- Mercer International Inc.
("Mercer" or the "Company") (Nasdaq: MERC; TSX: MRI.U) today announced that it
has commenced a public offering of its shares of common stock. The Company
plans to offer approximately 9,000,000 of its shares of common stock
(approximately 10,350,000 shares if the underwriters exercise their over-
allotment option in full). The offering will be made under the Company's
shelf registration statement filed with the Securities and Exchange Commission
and dated December 23, 2004.
The net proceeds from the offering will be used to increase the Company's
equity capital and liquidity. Such proceeds may be utilized to retire debt
and for general corporate purposes, including working capital and incremental
projects to improve the performance of the Company's pulp mills that may arise
from time to time.
Raymond James and RBC Capital Markets will be lead managers for the
offering of the shares of common stock, with UBS Investment Bank serving as
co-manager. The offering of the shares may only be made by means of a
prospectus. A copy of the preliminary prospectus supplement and accompanying
prospectus relating to the offering of the shares can be obtained from Raymond
James at 880 Carillon Parkway, St. Petersburgh, Florida, 33716 or RBC Capital
Markets at One Liberty Plaza, New York, New York 10006.
Mercer
Mercer International Inc. is a global pulp and paper manufacturing company
and operates three modern NBSK pulp mills in Germany and Canada with a
consolidated annual production capacity of approximately 1.3 million tonnes.
This release does not constitute an offer of any securities for sale. Any
securities that may be offered in an unregistered offering will not be
registered under the Securities Act of 1993 and may not be offered or sold in
the United States absent registration or an applicable exemption from
registration requirements.
The preceding includes forward looking statements which involve known and
unknown risks and uncertainties which may cause the Company's actual results
in future periods to differ materially from forecasted results. Among those
factors which could cause actual results to differ materially are the
following: market conditions, competition and the other risk factors listed
from time to time in the Company's SEC reports.
