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Last updated on April 18, 2014 at 12:28 EDT

Latest Norske Skog Stories

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...

2014-02-06 20:24:45

RICHMOND, BC, Feb. 6, 2014 /PRNewswire/ - 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. Joe Nemeth, President & Chief Executive Officer, and Brian Baarda, Vice-President Finance & Chief Financial Officer, will host the call. The fourth quarter report will be released on Tuesday, March 4 after market close and will be available...

2014-01-29 20:23:59

RICHMOND, BC, Jan. 29, 2014 /PRNewswire/ - 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. Catalyst Paper estimates that it will receive a sales tax refund of $5.8 million including...

2013-12-06 08:25:13

RICHMOND, BC, Dec. 6, 2013 /PRNewswire/ - 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. "We are continuing to align the organization structure with our focus on operational efficiency and our production base in British Columbia," said Joe Nemeth, President and Chief Executive Officer. "Customers can expect our attention to product quality, service...

2013-11-21 20:23:09

RICHMOND, BC, Nov. 21, 2013 /PRNewswire/ - As part of its plan to improve cost competitiveness, Catalyst Paper (TSX:CYT) will reduce the size of its executive team by three positions. In addition, each mill general manager will report directly to the CEO to increase the focus on operational excellence and safety performance. "Our focus on operational efficiency requires that enterprise support costs be reduced wherever possible including at the leadership level. The commitment,...

2013-11-05 20:23:45

RICHMOND,BC, Nov. 5, 2013 /PRNewswire/ - Catalyst Paper (TSX:CYT) posted improved results in the third quarter of 2013 with higher sales revenues and production volumes, less maintenance-related downtime, and the positive impact of a weaker Canadian dollar balancing the impact of underlying structural changes in the industry. Net earnings for the third quarter were $5.2 million ($0.36/share) with a net loss before specific items of $3.5 million. This compares to a net loss of...

2013-10-08 20:22:50

Wednesday November 6, 2013 8:00 a.m. Pacific, 11:00 a.m. Eastern RICHMOND, BC, Oct. 8, 2013 /PRNewswire/ - Catalyst Paper Corporation will hold a conference call on Wednesday November 6, 2013 at 8:00 a.m. Pacific, 11:00 a.m. Eastern, to review the Company's third quarter results which will be released on Tuesday November 5. Joe Nemeth, President & Chief Executive Officer, and Brian Baarda, Vice-President Finance & Chief Financial Officer, will host the call. The third...