Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today announced that it is offering to exchange its outstanding 8 5/8% Senior Notes due June 15, 2011 (the “Old Notes”) held by Eligible Holders (as defined below) for its new 10% Senior Secured Notes due December 15, 2016 (the “New Notes”), and shares of its common stock, no par value (the “Common Shares”). This is being done on the basis of the terms and conditions in the offering memorandum (the “Offering Memorandum”) and the accompanying letter of transmittal (the “Letter of Transmittal” and together with the Offering Memorandum, the “Offer Documents”).
News Archive: November 2009
Richmond (BC) – Catalyst Paper (TSX:CTL) announced today that it has settled the arbitration proceeding relating to its 20-year Energy Services Agreement with Island Cogeneration No. 2. Inc. (Cogen). This arbitration was a result of Catalyst’s declaration of force majeure under the Energy Services Agreement due to the permanent closure of its Elk Falls pulp mill in November 2008 as a result of the unavailability of sawdust fibre.
November 4, 2009 Catalyst appoints Brian Baarda as chief financial officer Richmond (BC) – Catalyst Paper (TSX:CTL) today announced the appointment of Brian Baarda, vice president, finance and chief financial officer effective November 5, 2009. Mr. Baarda brings 20 years of industry experience most recently as vice-president, operations responsible for recycled paper production and facilities. Prior to that he was vice president of Powell River Division, and from 2003 to 2005 he held the role of vice-president, supply chain.
November 3, 2009 Catalyst posts improved results but market challenges persist Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded net earnings of $13.2 million ($0.03 per common share) on sales of $263.4 million for the third quarter of 2009 compared to a net loss of $1.9 million ($0.01 per common share) on sales of $291.5 million in the second