StocksMedium•3 November 2026•
1 min read
Mercer International Files for Chapter 11 Bankruptcy to Restructure $1.3 Billion Debt
Key Facts
1Mercer International filed for Chapter 11 bankruptcy protection in the U.S. to address approximately $1.3 billion in senior notes.
2The restructuring plan involves exchanging approximately $1.1 billion of debt for equity in the company.
3The company stated its British Columbia operations will continue as usual and employees will be paid without interruption.
Mercer International filed for voluntary Chapter 11 bankruptcy protection in the United States to address approximately $1.3 billion in senior notes. Trail Times reported that the restructuring plan involves exchanging about $1.1 billion of this debt for equity in the company, effectively reducing senior note debt by 88%.
The company stated its operations in British Columbia will continue as usual and confirmed that employee wages will be paid without interruption, with the recapitalization expected to be completed by the end of 2026. MERC closed at $0.126 on November 2, 2026, as the company anticipates that Nasdaq will delist its securities following the commencement of Chapter 11 proceedings.