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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 12, 2000
MERCER INTERNATIONAL INC.
(Exact Name of Registrant as Specified in Its Charter)
Washington
(State of Incorporation)
0-9409 91-6087550
(Commission File Number) (I.R.S. Employer Identification No.)
Giesshubelstrasse 15, 8045 Zurich, Switzerland
(Address of Principal Executive Offices, including Zip Code)
41 (1) 201 7710
(Registrant's Telephone Number, including Area Code)
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ITEM 5. OTHER EVENTS.
Mercer International Inc. (the "Corporation") issued a press release on
June 12, 2000 announcing that it has sold its packaging paper mill located
in Trebsen, Germany (the "Trebsen Facility").
The Corporation will realize proceeds of approximately DM 18 million
(US$8.8 million) plus an amount equal to the net working capital
associated with the Trebsen Facility from the sale. As a result of the
said sale, the Corporation will record a one-time gain of approximately
US$0.1 million, or US$0.01 per share (on a fully diluted basis) during the
second quarter of 2000. The Trebsen Facility produced packaging paper and
had an annual production capacity of approximately 75,000 tonnes. In
fiscal 1999, the Trebsen Facility produced approximately 68,000 tonnes of
paper, contributed approximately US$17.8 million to the Corporation's
revenues and reported operating income of approximately US$0.1 million.
The Corporation will apply approximately DM 11.67 million (US$5.7 million)
of the sales proceeds to repay and discharge two governmental loans
previously granted in respect of the Trebsen Facility.
The sale of the Trebsen Facility reflected the Corporation's strategy and
goal of concentrating its paper resources on the specialty paper market.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MERCER INTERNATIONAL INC.
By: /s/ Jimmy S.H. Lee
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Jimmy S.H. Lee
Chairman
Date: June 21, 2000