Brief: Structurlam Mass Timber Enters Into Stalking Horse Asset Purchase Agreement

Mercer International

24/04/2023 13:11

April 24 (Reuters) - Mercer International Inc  MERC.O :
    * STRUCTURLAM MASS TIMBER CORPORATION- ENTERED INTO A
STALKING
HORSE ASSET PURCHASE AGREEMENT ( "APA") WITH MERCER
INTERNATIONAL INC.
    * STRUCTURLAM MASS TIMBER CORPORATION- DEAL TO SELL
SUBSTANTIALLY
ALL COMPANY'S ASSETS IN BRITISH COLUMBIA AND ARKANSAS FOR US$60
MILLION
    * STRUCTURLAM MASS TIMBER CORPORATION- IN CONJUNCTION WITH
APA,
COMPANY HAS VOLUNTARILY FILED PETITION FOR RELIEF UNDER CHAPTER
11 OF U.S. CODE
    * STRUCTURLAM MASS TIMBER CORPORATION- SECURED A C$7.5
MILLION
DEBTOR-IN-POSSESSION ("DIP") FACILITY FROM BANK OF MONTREAL

Source text for Eikon:  ID:nPn6SSxmMa 
Further company coverage:  MERC.O 

 ((Reuters.Briefs@thomsonreuters.com;))