Mercer International Inc. files $500 million shelf registration
Dec 04, 2012. Mercer International Inc. announced the concurrent filing of a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission and a shelf prospectus with certain Canadian securities regulators.
Dec 04, 2012. /Lesprom Network/. Mercer International Inc. announced the concurrent filing of a universal shelf registration statement on Form S-3 (the "Shelf Registration Statement") with the Securities and Exchange Commission ("SEC") and a shelf prospectus (the "Canadian Shelf") with certain Canadian securities regulators.
The Shelf Registration Statement, when declared effective by the SEC, and the Canadian Shelf when receipted by Canadian securities regulators, will allow Mercer to offer and sell, from time to time in one or more public offerings, up to $500 million of debt securities, common stock, preferred stock and warrants to purchase common stock or debt securities, or any combination thereof. The specifics of any future offering, along with the prices, terms, and the use of proceeds of any such securities offered by Mercer, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed at the time of any such offering.
Jimmy S.H. Lee, President and Chairman, stated: "This filing provides us with the flexibility to take advantage of financing opportunities when market conditions are favorable to us."
Each of the Shelf Registration Statement and the Canadian Shelf has been filed but neither has yet become effective. The securities registered may not be sold, nor may offers to buy be accepted, prior to the time the Shelf Registration Statement becomes effective and the Canadian Shelf has been receipted.
Mercer International Inc. is a global pulp manufacturing company.