Richmond, BC – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, May 7, 2014 at 8:00 a.m. PST / 11:00 a.m. EST to review the Company’s 2014 first quarter results.
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.
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”).
Richmond, B.C. – Catalyst Paper (TSX:CYT) announced today that it has entered into a commitment letter with a Canadian chartered bank for a CDN $20 million term loan (“Term Loan”) maturing on July 31, 2017.
Richmond, (BC) – Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $19.1 million in Q4 versus $16.4 million in Q3, despite higher production costs related to an annual maintenance shut at the Crofton pulp mill. As well paper productivity improved by 3,600 tonnes over the previous quarter. In Q4, free cash flow of $5.9 million was positive for the second consecutive quarter.