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.
Richmond, (BC) - Catalyst Paper Corporation (TSX: CYT) (“Catalyst” or the “Company”) today announced that it has entered into an Asset Purchase Agreement (the “Agreement”) with NewPage Corporation, NewPage Wisconsin System Inc. and Rumford Paper Company (the “Sellers”) to purchase the Biron paper mill located in Wisconsin and the Rumford pulp and paper mill located in Maine, USA (the “Paper Mills”) for consideration of US$74.0 million, subject to certain adjustments (the “Transaction”).
Richmond, (BC) – Catalyst Paper (TSX:CYT) announced today the temporary curtailment of one of three paper machines at its Powell River mill, removing capacity of 6,500 tonnes of specialty paper grades from the market.
Richmond, BC – Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, November 5, 2014 at 8:00 a.m. PST / 11:00 a.m. EST to review the Company’s 2014 third quarter results.