News Archive: May 2011

Catalyst extends and amends asset based loan facility

Richmond, BC – Catalyst Paper (TSX:CTL) today announced the extension and amendment of its current $330 million asset based loan (ABL) facility maturing August 2013 to a C$175 million ABL facility maturing May 31, 2016. This transaction was co-led by JPMorgan Securities LLC and CIBC Asset-Based Lending, Inc. with JPMorgan Chase Bank, N.A. serving the role of Agent.

Catalyst issues update on Q2 production downtime

Richmond, BC – Catalyst Paper (TSX:CTL) today indicated that total downtime at its Powell River and Snowflake mills in the second quarter is expected to be 25 days rather than 14 days as previously announced. In addition, a cable equipment tray fire at the Powell River mill late Friday afternoon will idle the mill’s No.

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