PrintCatalyst Paper announces amended and restated offering documents in connection with its private exchange offer and consent solicitation related to its 8 5/8% senior notes due 2011 (CUSIP No. 65653RAD5)
Richmond, BC – Catalyst Paper Corporation (TSX:CTL) today announced that an agreement in principal has been reached with the lenders under Catalyst's asset based credit facility in conjunction with counsel to the members of the Ad Hoc Committee of holders of its outstanding 8 5/8% Senior Notes due June 15, 2011 (the “Old Notes”) with respect to inter-creditor and other related agreements arising from the proposed issuance of the 11% Senior Secured Notes of Catalyst due December 15, 2016 (the “New Notes”) in the previously announced private exchange offer and consent solicitation (the “Exchange Offer”) for the Old Notes.
As a result, Catalyst has amended and restated its Offering Memorandum and Consent Solicitation (the “Offering Memorandum”) and the accompanying letter of transmittal (the "Letter of Transmittal" and together with the Offering Memorandum, as so amended and restated, the "Offer Documents"), and has extended the expiration date of the Exchange Offer, from 5:00 p.m., New York City time, on February 12, 2010, to 5:00 p.m., New York City time, on March 2, 2010, unless further extended.
