New York, New York, USA, 25 November 2009 -- (GLOBE NEWSWIRE) -- Mercer International Inc. (Nasdaq:MERC - News) (TSX:MRI.U - News) has entered into exchange agreements with holders of USD 43,250,000 principal amount of its 8.5% Convertible Senior Subordinated Notes due October 2010 (the "Old Notes") pursuant to which the holders will exchange such Old Notes for new 8.5% Convertible Senior Subordinated Notes of the company due January 2012 (the "New Notes") equal to the principal amount of the Old Notes being exchanged plus accrued and unpaid interest thereon to the closing. The New Notes have substantially the same terms as the Old Notes other than their maturity of 15 January 2012, and conversion price of USD 3.30 per share.

Completion of the exchange is subject to certain conditions, including NASDAQ approval and qualification of the indenture under which the New Notes will be issued. 

Mercer International Inc. is a global pulp manufacturing company. To obtain further information on the company, visit http://www.mercerint.com.