Catalyst Paper Corp. has announced it is no longer a publicly traded company. The common shares of Catalyst were delisted from the Toronto Stock Exchange, and the company is now privately owned by three major shareholders: Oaktree Capital Management, Mudrick Capital Management, LP. and Cyrus Capital Partners, LP.
According to the Catalyst Paper, the move improves its financial strength and reduces its financing risk by wiping out Catalyst’s US$125-million debt without “adversely impacting” trade vendors and other suppliers.
Catalyst Paper manufactures diverse papers such as coated freesheet, coated one side (C1S), flexible and industrial packaging, coated and uncoated groundwood, newsprint, directory, as well as market pulp.
