StocksMedium•12 November 2026•
1 min read
Mercer International Files for Chapter 11 Bankruptcy in $900M Debt Restructuring
Key Facts
1Mercer International filed a joint prepackaged Chapter 11 reorganization plan to restructure approximately $900 million in debt.
2The plan includes issuing $420 million in new senior secured notes, with senior noteholders expected to receive 91.5% of reorganized common stock.
Mercer International filed a joint prepackaged Chapter 11 reorganization plan to restructure approximately $900 million in debt. ABF Journal reported that the company is seeking to address its heavy debt burden through a rights offering and equity swap that will hand control to its creditors.
The plan includes issuing $420 million in new senior secured notes, with existing senior noteholders expected to receive 91.5% of the reorganized common stock. MERC closed at $0.234 on November 11, 2026, reflecting the financial distress leading up to the legal filing.