News Archive: March 2014

Catalyst Paper reduces secured debt

Friday, March 28, 2014

Richmond, B.C. – Catalyst Paper (TSX:CYT) announced today that it has repurchased for cancellation an aggregate principal amount of US$14.5 million of its outstanding PIK Toggle Senior Secured Notes on the open market. As a result of the repurchase, Catalyst will reduce its annual interest costs by approximately US$1.6 million.

Catalyst Paper completes Term Loan and redeems Floating Rate Senior Secured Notes

Thursday, March 20, 2014

Richmond, B.C. – Catalyst Paper (TSX:CYT) announced today that it has completed the C$20 million term loan (“Term Loan”) maturing July 31, 2017 it announced earlier in March.  The proceeds of the Term Loan are being used to redeem the remaining US$19.4 million of Catalyst’s outstanding Floating Rate Senior Secured Notes due 2016 (“Floating Rate Notes”).

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