Mercer International Inc. announces covenant waiver under Stendal loan facility
Jan 21, 2010. Mercer International Inc. announced that its 74.9% owned subsidiary, Zellstoff Stendal GmbH, has obtained a waiver of the permitted leverage ratio of total debt to EBITDA under its loan facility for the year ended December 31, 2009.
Jan 21, 2010. /Lesprom Network/. Mercer International Inc. announced that its 74.9% owned subsidiary, Zellstoff Stendal GmbH, has obtained a waiver of the permitted leverage ratio of total debt to EBITDA under its loan facility for the year ended December 31, 2009, the company said in a press release received by Lesprom Network.
Jimmy S.H. Lee, President and Chairman, stated: "We are very pleased with receipt of this waiver and the support from our lenders who continue to demonstrate their confidence in the Stendal mill's long-term performance."
Mercer International Inc. is a global pulp manufacturing company.