Mercer International (MERC -3%) slides today after announcing it's filed a universal shelf...


Mercer International (MERC -3%) slides today after announcing it's filed a universal shelf registration with the SEC, and a shelf prospectus with certain Canadian securities regulators to sell up to $500M of debt securities, common stock, preferred stock and warrants.

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  • Andrew Shapiro
    , contributor
    Comments (2186) | Send Message
     
    The company is not going to issue equity at these levels as it doesn't have any liquidity problems and in fact, its credit quality continues to improve. Odds are this registration will allow for a cheaper refinancing of Mercer's high cost debt when opportune time.
    4 Dec 2012, 02:16 PM Reply Like
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