Catalyst Reschedules Creditor Meetings, Court Date to Consider Plan of Arrangement
 Print this article | Send to Colleague
Catalyst Paper, Richmond, B.C., Canada, this week announced that meetings of its secured and unsecured creditors to consider the plan of arrangement under the Companies' Creditors Arrangement Act of Canada have been changed from April 23 to May 2. The rescheduled meetings will be held at the same location (Delta Vancouver Airport Hotel, 3500 Cessna Dr., Richmond, B.C.) at 10:00 a.m. EDT for unsecured creditors and 11:00 a.m. EDT for the First Lien noteholders.
The court date to sanction and approve the plan of arrangement has also been rescheduled from April 25 to May 7.
The new dates were set to accommodate court scheduling issues with the original dates. The revised schedule will also provide court monitor, PricewaterhouseCoopers Inc., and Catalyst additional time to complete the accounting review and verification requirements associated with the creditor claims process. Claims must still be filed with the monitor by 5 p.m. April 18.
Catalyst Paper produces specialty mechanical printing papers, newsprint, and pulp, with a combined annual production capacity of 1.8 million metric tons.
|
|
