Catalyst Paper recently announced that it is reviewing alternatives to address its capital structure. The review will focus on alternatives for its US$250 million of 7.375% senior unsecured notes which mature March 31, 2014.
"With the recently announced extension and amendment of our asset based lending facility, the next step is to identify appropriate opportunities to improve our balance sheet," said Chief Financial Officer Brian Baarda.
Catalyst has engaged UBS Securities to assist in this process.
There can be no assurance that the review referred to in this release will lead to any transaction taking place or as to the timing of any such transaction if it does.
