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Latest Catalyst Paper Corporation Stories

2014-07-29 20:24:14

RICHMOND, BC, July 29, 2014 /PRNewswire/ - Catalyst Paper (TSX:CYT) recorded adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the second quarter of $7.1 million compared to $25.7 million in the previous quarter. Strong operating performance was overshadowed by a planned maintenance outage at the Crofton pulp mill, higher power costs due to a hydroelectricity rate increase, a stronger Canadian dollar and lower transaction prices for pulp and all...

2014-07-24 20:23:26

RICHMOND, BC, July 24, 2014 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that the Ministry of Energy and Mines and BC Hydro have introduced a new energy efficiency program aimed at reducing the power costs of mechanical pulp producers. The Power Smart program provided an injection of $100 million over three years and is aimed at reducing energy intensity and improving energy efficiency used in the thermal-mechanical pulping process at seven pulp facilities throughout...

2014-07-08 16:26:55

RICHMOND, BC, July 8, 2014 /PRNewswire/ - Catalyst Paper Corporation (TSX:CYT) today announced the appointment of Pierre A. Raymond as an independent director of the company, effective immediately. Leslie T. Lederer, Chairman of the Board said, "I am pleased to welcome Mr. Raymond to our Board of Directors. His extensive knowledge and understanding of corporate strategy, finance and management dealings will add a valuable perspective to the company. We look forward to...

2014-06-25 20:22:33

RICHMOND, BC, June 25, 2014 /PRNewswire/ - Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, July 30 2014 at 8:00 a.m. PDT / 11:00 a.m. EDT to review the Company's 2014 second quarter results. Joe Nemeth, President & Chief Executive Officer, and Brian Baarda, Vice-President Finance & Chief Financial Officer, will host the call. The second quarter report will be released on Tuesday, July 29 after market close and will be available on the...

2014-06-04 12:31:29

RICHMOND, BC, June 4, 2014 /PRNewswire/ - Catalyst Paper (TSX:CYT) is pleased to accept - on behalf of its 1,600 employees - the honour of being named one of Corporate Knights' Best 50 Canadian Corporate Citizens for the eighth year running. Corporate Knights, an award-winning quarterly publication for clean capitalism, gave start to its magazine and Best 50 list in 2002 to raise awareness of sustainability issues. Catalyst was one of 144 companies considered by Corporate Knights...

2014-05-15 16:30:46

RICHMOND, BC, May 15, 2014 /PRNewswire/ - Catalyst Paper (TSX:CYT) announced today that the British Columbia Court of Appeal has granted the Province of British Columbia's (the "Province") application for leave to appeal from the Supreme Court of British Columbia (the "Supreme Court") ruling announced on January 29, 2014 involving Catalyst Paper and Powell River Energy Inc. The Supreme Court has ruled in favour of Catalyst in its action against the Province involving a...

2014-04-02 20:22:53

RICHMOND, BC, April 2, 2014 /PRNewswire/ - Catalyst Paper Corporation (TSX:CYT) will hold a conference call on Wednesday, May 7, 2014 at 8:00 a.m. PST / 11:00 a.m. EST to review the Company's 2014 first quarter results. Joe Nemeth, President & Chief Executive Officer, and Brian Baarda, Vice-President Finance & Chief Financial Officer, will host the call. The first quarter report will be released on Tuesday, May 6 after market close and will be available on the Reports...

2014-03-28 16:23:28

RICHMOND, BC, March 28, 2014 /PRNewswire/ - 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. As previously disclosed, Catalyst may purchase its debt securities on the open market from time to time. Catalyst Paper...

2014-03-20 16:27:30

RICHMOND, BC, March 20, 2014 /PRNewswire/ - 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"). The Term Loan was provided by the same lenders who participate in Catalyst's asset based loan...

2014-03-10 16:35:34

RICHMOND, BC, March 10, 2014 /PRNewswire/ - 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. The Term Loan will be used to retire the remaining US$19.4 million of outstanding Senior Secured Floating Rate Notes due 2016 ("Floating Rate Notes"). The transaction has the requisite approval of holders of Catalyst's PIK Toggle Senior Secured...


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  • The ragged surface of a lava-flow.
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