RICHMOND, BC, June 8, 2012 /CNW/ - Catalyst Paper today announced that a
number of parties have expressed interest in participating in the
court-approved sale and investor solicitation procedures (SISP).
Potential bidders were required to submit certain information and an
executed confidentiality agreement to Catalyst Paper by June 6, 2012.
The material submitted will be considered when determining the parties
that will move to the next stage of the SISP process. Parties
proceeding to the next stage must submit a non-binding indication of
interest by 5:00 pm (PST) on July 11, 2012.
Further Information and Monitor Contact Information
Additional information is contained on the Monitor's website, which is
available at http://www.pwc.com/ca/en/car/catalyst-paper-corporation/index.jhtml.
Creditors who have questions may contact the Monitor at
PricewaterhouseCoopers Inc., 250 Howe Street, Suite 700, Vancouver,
British Columbia, V6C 3S7 (Attention: Patricia Marshall), phone:
604-806-7070 or email: email@example.com.
Catalyst Paper manufactures diverse 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 four mills, located in British Columbia and
Arizona, Catalyst has a combined annual production capacity of 1.8
million tonnes. The company is headquartered in Richmond, British
Columbia, Canada and is ranked by Corporate Knights magazine as one of
the 50 Best Corporate Citizens in Canada.
SOURCE Catalyst Paper Corporation
For further information:
Vice President, Finance & CFO
Vice President, Treasurer & Corporate Controller
Vice President, Marketing & Corporate Responsibility