Mercer International Inc.

Restructuring · Americas

Partners Group-backed EyeCare Partners is nearing a creditor agreement to cut its roughly $2bn debt by up to $400m via discounted repayments tied to asset sales, including the sale of its optometry business to MyEyeDr (expected to close Q4 2026), plus a distressed debt exchange into a new first-lien 1.5-out term loan.

Restructuring · Americas

Rackley W.A.R., a full-time NASCAR Craftsman Truck Series team since 2021, will immediately shut down after Friday's race at Talladega Superspeedway, ending its No. 26 and part-time No. 27 entries.

Restructuring · Americas

Syracuse University leadership plans a review of administrative and executive staffing, with the chancellor saying the administration should be rightsized for the institution it is building.

Restructuring · Americas

Net Power has pivoted from zero-emission oxy-combustion gas plants to building conventional unabated natural gas plants co-located with data centers. It acquired 10 natural gas reciprocating engines for co-location at its planned first commercial site and has ordered two 30 MW Siemens turbines for 2028 delivery. This is its second major pivot in under a year.

Restructuring · Americas

Great Southern Bancorp is consolidating nine branches and expects $4.4M-$4.8M in expense savings starting Q4 2026.

Restructuring · Americas

Bic is relocating its U.S./North American corporate headquarters from Shelton, CT to a 32,000 sq ft leased space in Norwalk, CT (Merritt 7), starting Q2 2027, with about 200 full-time roles across sales, marketing and supply chain. The Milford lighter plant is unaffected and the Shelton property is under evaluation.