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.
Richmond, BC – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, March 5, 2014 at 8:00 a.m. PST / 11:00 a.m. EST to review the Company’s 2013 fourth quarter and year end results.
Richmond (BC) – Catalyst Paper (TSX:CYT) announced today that the Supreme Court of British Columbia had ruled in favour of Catalyst Paper in its action against the Province of British Columbia involving a reassessment of the amount of sales tax payable under the Social Services Tax Act on electricity purchased from Powell River Energy Inc. in 2001 through 2010.
Richmond, (BC) – Catalyst Paper (TSX:CYT) announced today that Tom Crowley is no longer with the company and a search will begin immediately for a new leader of the Sales and Marketing function.