Latest Catalyst Paper Corporation Stories
RICHMOND, BC, June 13, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) is reaching higher to expand an already broad mechanical printing product range with the addition of Ascent, a coated three paper. Made at the Port Alberni mill on the only coated mechanical paper machine in Western North America, Ascent went from idea to market in the space of a few short months. "Our product development team brought tremendous cross-disciplinary expertise to the initiative, along with the...
RICHMOND, BC, May 6, 2013 /PRNewswire/ - Catalyst Paper (TSX: CYT) posted a net loss of $9.8 million ($0.89 per common share) in the first quarter of 2013. The loss was $11.6 million before specific items. Improvement over the final quarter of 2012 - when the company recorded a loss of $35.2 million ($1.55 per common share) and $15.7 million before specific items - was driven by increased prices for pulp, and lower maintenance costs. Adjusted earnings before interest, tax,...
RICHMOND, BC, April 8, 2013 /PRNewswire/ - Catalyst Paper Corporation will hold a conference call on Tuesday May 7 at 8:00 a.m. Pacific, 11:00 a.m. Eastern, to review the Company's first quarter results which will be released on Monday May 6, 2013. Kevin J. Clarke, President and Chief Executive Officer, and Brian Baarda, Vice-President Finance and Chief Financial Officer, will host the call. The first quarter report will be available on Catalyst Paper's website on the Reports...
RICHMOND, BC, April 24, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that holders of approximately US$15.6 million of its Floating Rate Senior Secured Notes due 2016 accepted the offer made by Catalyst on March 26, 2013 to purchase up to approximately US$20 million of its Floating Rate Notes. The offer expired 5:00 PM, New York City time on April 24, 2013. Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers...
RICHMOND, BC, April 23, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) has released its tenth sustainability report as an early adopter of this voluntary disclosure practice more than a decade ago. Titled "Our Tomorrow Starts Today", the report covers calendar 2012 and was produced using Global Reporting Initiative Guidelines (B-level application). It also serves as Catalyst's Communication on Progress as a signatory to the United Nations Global Compact. "We aim to present a...
RICHMOND, BC, April 18, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that President and Chief Executive Officer Kevin J. Clarke will step down from his position later this spring. Mr. Clarke has advised Catalyst's Board of Directors that, with the company's recent financial restructuring successfully completed, the time is right for a leadership transition. "Kevin steered Catalyst through a pivotal three years and the Board of Directors extends its appreciation...
RICHMOND, BC, April 8, 2013 /PRNewswire/ - Catalyst Paper Corporation will hold a conference call on Tuesday May 7 at 8:00 a.m. Pacific, 11:00 a.m. Eastern, to review the Company's first quarter results which will be released on Monday May 6, 2013. Kevin J. Clarke, President and Chief Executive Officer, and Brian Baarda, Vice-President Finance and Chief Financial Officer, will host the call. The first quarter report will be available on Catalyst Paper's website on the Reports...
RICHMOND, BC, March 26, 2013 /PRNewswire/ - Catalyst Paper Corporation (TSX:CYT) will hold its annual meeting of shareholders on Tuesday, May 7, 2013 at 2:00 p.m. Pacific (5:00 p.m. Eastern) at the Delta Vancouver Airport Hotel, 3500 Cessna Drive, Richmond, BC. Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp. Its customers include retailers, publishers and commercial printers in North America, Latin America, the Pacific Rim and...
RICHMOND, BC, March 25, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that it will make an offer on March 26, 2013 to purchase approximately US $20 million of its Floating Rate Senior Secured Notes due 2017. The offer is to purchase Notes at par, together with accrued and unpaid interest to, but not including, the purchase date. The offer will expire on April 24, 2013. Globic Advisors has been retained to act as depositary in connection with the offer. Any...
RICHMOND, BC, March 20, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that it has completed the sale of its approximately 50% interest in Powell River Energy Inc. and Powell River Energy Limited Partnership to Powell River Energy Trust, a Brookfield Renewable Energy affiliate, for $33 million. Approximately $12.7 million of the net proceeds of the sale will be distributed to certain unsecured creditors of Catalyst pursuant to its plan of arrangement under the...
