VANCOUVER, June 19 /CNW/ - Catalyst Paper Corporation today announced
that it intends to sell, on a private placement basis, US$200 million in
aggregate principal amount of senior notes with a proposed maturity of 2017
through an offering within the United States pursuant to Rule 144A under the
U.S. Securities Act of 1933, as amended, and in certain Canadian Provinces and
other jurisdictions under Regulation S under the U.S. Securities Act of 1933,
The net proceeds of the offering of the senior notes will be used for
general corporate purposes, which may include acquisitions and investments to
support our continued growth.
Catalyst is a leading producer of mechanical printing papers in North
America, headquartered in Vancouver, British Columbia. The company also
produces market kraft pulp and owns Western Canada's largest paper recycling
facility. With five mills at sites within a 160-kilometre radius on the south
coast of BC, Catalyst has a combined annual capacity of 2.4 million tonnes of
product. Catalyst's common shares trade on the Toronto Stock Exchange under
the symbol CTL.
The senior notes have not been, and will not be, registered under the
U.S. Securities Act of 1933, as amended, or any state securities laws, and may
not be offered or sold in the United Sates absent registration or an
applicable exemption from the registration requirements.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be any sale of
the senior notes in any state or jurisdiction where such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
For further information:
For further information: Lyn Brown, Vice-President, Corporate Relations,