On January 14, 2021, Mercer International Inc. announced that its proposed offering (the “Note Offering”) of an aggregate of $500.0 million principal amount of senior notes due 2029 (the “2029 Notes”). The Company intends to use the net proceeds of the Note Offering to finance the previously announced offer to purchase, or any subsequent redemption, of all $250 million in aggregate principal amount of its 6.500% Senior Notes due 2024 and the partial redemption of its 7.375% Senior Notes due 2025. The 2029 Notes will be offered and sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.