News Archive: March 2013

Catalyst Paper offers to purchase US$20 million of Floating Rate Senior Secured Notes

Monday, March 25, 2013

Richmond, BC – Catalyst Paper (TSX:CYT) announced today that it will make an offer on March 26, 2013 to purchase approximately US $20 million of its Floating Rate Senior Secured Notes due 2017.  The offer is to purchase Notes at par, together with accrued and unpaid interest to, but not including, the purchase date.  The offer will expire on April 24, 2013.

Catalyst Paper completes sale of interest in Powell River Energy

Wednesday, March 20, 2013

Richmond, BC – Catalyst Paper (TSX:CYT) announced today that it has completed the sale of its approximately 50% interest in Powell River Energy Inc. and Powell River Energy Limited Partnership to Powell River Energy Trust, a Brookfield Renewable Energy affiliate, for $33 million.

Catalyst Paper Q4 results impacted by lower sales volumes, higher maintenance and stronger Canadian dollar

Tuesday, March 5, 2013

Richmond, (BC) – Catalyst Paper (TSX:CYT) results in the fourth quarter were negatively impacted by lower sales volumes, higher maintenance spending and a stronger Canadian dollar.

Catalyst posted a net loss of $35.2 million for the quarter, in contrast to net earnings of $655.7 million in the third quarter, when the one-time gains realized on emergence from creditor protection were booked. Before specific items, net losses were $15.7 million and $7.5 million in Q4 and Q3 respectively. Adjusted EBITDA was $7.2 million in Q4, with no impact from restructuring costs, and $13.8 million in Q3 ($14.0 million before restructuring costs).

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