Richmond, (BC) – Catalyst Paper Corporation (TSX:CYT) announced today the appointment of Greg Maule as Senior Vice-President, US Operations and Linda McClinchy as Vice-President, US Supply Chain.
Richmond, (BC) – Catalyst Paper Corporation (TSX: CYT) (“Catalyst”) is pleased to announce today that it has completed the acquisition of the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA that was previously announced on October 30, 2014 (the “Acquisition”), from NewPage Corporation, NewPage Wisconsin System Inc., and Rumford Paper Company (the “Sellers”). The cash payment made on closing was US$62.4 million, after giving effect to an adjustment under the purchase agreement based on estimated working capital at closing, and the final purchase price is subject to certain additional post-closing adjustments.
Richmond, BC – Catalyst Paper regrets to report a fatal accident involving a contract truck driver at its Crofton mill on Vancouver Island.
Richmond, (BC) – Catalyst Paper Corporation (TSX: CYT) (“Catalyst” or the “Company”) today announced the terms of a private placement of US$25.0 million aggregate principal amount (the “Offering”) of PIK Toggle Senior Secured Notes (“Offered Notes”), which will form part of the same series as Catalyst’s existing PIK Toggle Senior Secured Notes (the “Existing Notes”) of which there are presently US$235.5 million aggregate principal amount outstanding.
Richmond, (BC) – Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the third quarter of $8.0 million compared to $7.1 million in the previous quarter.