Recent News

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”).

Stronger pulp pricing and weaker Canadian dollar result in higher Q4 EBITDA

Tuesday, March 4, 2014

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.

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