News Archive: May 2010

Catalyst Paper announces changes to Board of Directors

Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today appointed four new members to its Board of Directors.

“I would like to welcome the new directors who bring extensive global business and finance experience as we continue to manage the impacts of industry consolidation and restructuring,” said Board Chairman Michel Desbiens.

Catalyst Paper Corporation Announces Private Placement Agreement for Class B 11% Senior Secured Notes Due 2016

Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today announced that it has entered into an agreement to sell to certain initial purchasers on a private placement basis US$110 million in aggregate principal amount of Class B 11% senior secured notes due December 15, 2016 at an offering price of 86.000% of the principal amount. The initial purchasers may retain the Class B senior secured notes for their own accounts and/or may resell the Class B senior secured notes to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”).

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