Catalyst Paper Reduces Secured Debt

Catalyst Paper, Richmond, B.C., Canada, this week announced that it has repurchased for cancellation an aggregate principal amount of $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 1.6 million.

As previously disclosed, Catalyst may purchase its debt securities on the open market from time to time.

Catalyst Paper produces specialty mechanical printing papers, newsprint, and pulp. Its customers include retailers, publishers, and commercial printers in North America, Latin America, the Pacific Rim, and Europe. With three mills in British Columbia, Catalyst has a combined annual production capacity of 1.5 million metric tons,

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