Mercer International is in advanced discussions with a group of noteholders on a comprehensive recapitalisation and significant capital infusion, while using a 30-day grace period for an approximately US$25.8 million interest payment due on October 1. Mercer International disclosed in an October 2 filing with the U.S. Securities and Exchange Commission that a special committee of independent directors and its advisers are in advanced discussions with an ad hoc group of holders of the company’s 2028 and 2029 senior notes. According to the filing, members of the group hold more than 75% of the aggregate outstanding principal amount of the two note issues. …Mercer elected not to make an approximately US$25.8 million interest payment that was due on October 1 on its 12.875% Senior Notes due 2028. The company is using the 30-day grace period provided under the indenture. Mercer stated that use of the grace period does not constitute an event of default under the indenture.