News Archive: July 2009

Catalyst refinances $75M of debt related to energy joint venture

Richmond, BC – Catalyst Paper (TSX:CTL) announced today that its hydro joint venture, Powell River Energy Inc., has successfully raised $95 million of first mortgage bonds maturing in July 2016 to refinance $75 million of non-recourse debt due on July 24, 2009. The new bonds are priced at an interest rate of 6.45%, payable semi-annually. The transaction is scheduled to close on July 24, 2009.

Catalyst Paper to assess refinancing alternatives

Richmond, BC – Catalyst Paper (TSX:CTL) today announced, in response to the continued deterioration in market conditions affecting the forest products industry generally and newsprint in particular, that it is reviewing alternatives to address the maturity of its senior unsecured notes.

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