UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 24, 2014
MERCER INTERNATIONAL INC.
(Exact name of Registrant as specified in its charter)
Washington | 000-51826 | 47-0956945 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
Suite 1120, 700 West Pender Street, Vancouver, British Columbia, Canada V6C 1G8
(Address of principal executive office)
(604) 684-1099
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 8.01 | OTHER EVENTS. |
On March 24, 2014, Mercer International Inc. (the Company) announced that it has commenced an underwritten public offering of 7,000,000 shares of its common stock, par value $1.00 per share (the Offering). In connection with this Offering, the Company expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional shares of its common stock to cover over-allotments, if any. Credit Suisse Securities (USA) LLC is acting as the sole book-running manager and Raymond James & Associates, Inc. is acting as the co-manager for the Offering.
On March 24, 2014, the Company issued a press release announcing the Offering. A copy of the Companys press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01 | FINANCIAL STATEMENTS AND EXHIBITS. |
(d) | Exhibits |
Exhibit No. |
Description | |
99.1 | Press release of the Company dated March 24, 2014. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MERCER INTERNATIONAL INC. |
/s/ David M. Gandossi |
David M. Gandossi |
Chief Financial Officer |
Date: March 24, 2014
Exhibit Index
Exhibit No. |
Description | |
99.1 | Press release of the Company dated March 24, 2014. |
Exhibit 99.1
For Immediate Release
MERCER INTERNATIONAL INC. ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON STOCK
NEW YORK, NY, March 24, 2014 Mercer International Inc. (Mercer or the Company) (Nasdaq: MERC, TSX: MRI.U) today announced that it has commenced an underwritten public offering of 7,000,000 shares of its common stock. All of the shares are being offered by the Company. The Company also expects to grant the underwriters a 30-day option to purchase up to 1,050,000 additional shares of its common stock to cover over-allotments, if any.
The Company intends to use approximately $13.5 million of the net proceeds from this offering to further capitalize its Stendal mill to provide it with greater operational and financial flexibility and the balance will be used for targeted capital expenditures including expansion of the Companys wood procurement and logistics operations in Germany and for general working capital purposes.
Credit Suisse Securities (USA) LLC is acting as the sole book-running manager and Raymond James & Associates, Inc. is acting as the co-manager for the offering. The offering is being made pursuant to the Companys effective shelf registration statement (File No. 333-185246) that was previously filed with the Securities and Exchange Commission (SEC) and a shelf prospectus filed with Canadian securities regulatory authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario (the Canadian Provinces) under the Multijurisdictional Disclosure System (MJDS). The offering will be made only by means of a prospectus supplement and related base prospectus. A preliminary prospectus supplement relating to the offering has been filed with the SEC. A preliminary prospectus supplement will also be filed with the securities regulatory authorities in the Canadian Provinces under the MJDS. A copy of the preliminary prospectus supplement and related base prospectus can be obtained by either contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, One Madison Avenue 1B, New York, NY 10010 telephone 800-221-1037 (toll-free) or by accessing EDGAR on the SECs website at www.sec.gov. In Canada, a copy of the preliminary prospectus supplement and related base prospectus may be obtained by either contacting Credit Suisse Securities (USA) LLC as set forth above or by accessing the SEDAR website at www.sedar.com.
The offering is subject to customary closing conditions including, but not limited to, the receipt of the approval of the NASDAQ Global Select Market and the Toronto Stock Exchange of the listing of the shares offered by the Company in the offering.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of the Companys common stock or any other securities described herein, nor shall there be any sale of the securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. The securities described herein have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement, the base prospectus or Mercers shelf registration statement.
Mercer International Inc. is a global pulp manufacturing company.
The preceding includes forward looking statements which involve known and unknown risks and uncertainties which may cause the Companys actual results in future periods to differ materially from forecasted results. Words such as expects, anticipates, projects, intends, designed, will, believes, estimates, may, could and variations of such words and similar expressions are intended to identify such forward-looking statements. Among those factors which could cause actual results to differ materially are the following: the highly cyclical nature of the Companys business, raw material costs, the Companys level of indebtedness, competition, foreign exchange and interest rate fluctuations, the Companys use of derivatives, expenditures for capital projects, environmental regulation and compliance, disruptions to the Companys production, market conditions and other risk factors listed from time to time in the Companys SEC reports.
APPROVED BY:
Jimmy S.H. Lee
Chairman, CEO & President
(604) 684-1099
David M. Gandossi
Executive Vice-President,
Chief Financial Officer & Secretary
(604) 684-1099
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