Catalyst Paper Publishes Notice of Sale and Investor Solicitation Process

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• Publié par: catalyst-paper-corporation
• Nombre de lectures: 12
• Langue: English

Extrait

Catalyst Paper Publishes Notice of Sale and

Investor Solicitation Process

PR Newswire

RICHMOND, British Columbia, June 1, 2012

RICHMOND, British Columbia

,

June 1, 2012

/PRNewswire/ --

Catalyst Paper Corporation advises that under order of the Supreme Court of

British Columbia

authorizing procedures for a sale and investor solicitation

process, the following notice was published today in

The Globe & Mail

and

The

Wall Street Journal

:

TAKE NOTICE THAT pursuant to certain Court Orders of the Supreme Court of

British Columbia (the "Court") in respect of Catalyst Paper Corporation

and related entities (collectively "Catalyst Paper") in the matter of the

Companies' Creditors Arrangement Act, the Canada Business Corporations

Act, and the British Columbia Business Corporations Act, Catalyst Paper

obtained Court approval to conduct a sale and investor solicitation

process (the "SISP"). Pursuant to the SISP, Catalyst Paper, with the

assistance of its financial advisor Perella Weinberg Partners LP

("Perella"), is soliciting proposals from prospective strategic and

financial parties to acquire the property, assets and business of, or to

invest in, Catalyst Paper.

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 Paper has a combined annual production capacity of 1.8 million

tonnes. Catalyst Paper is headquartered in Richmond, British Columbia,

Canada and is ranked by Corporate Knights magazine as one of the 50 Best

Corporate Citizens in Canada.

The SISP contains certain timelines that are required to be met including

a requirement that parties who are interested in participating deliver

certain information and take certain steps no later than June 6, 2012.

Interested parties should make inquiries as soon as possible and can

obtain additional information by contacting:

Nancy Turner, Managing Director

PERELLA WEINBERG PARTNERS

One California Street, Suite 2250

San Francisco, CA 94111

Tel: [phone]

[e-mail]

The Court appointed PricewaterhouseCoopers Inc. as the Monitor (the

"Monitor") of Catalyst Paper. A copy of the Court Order approving the

SISP, as well as a copy of the SISP and related documents, can be found

on the Monitor's website at the following link:

http://www.pwc.com/car-catalystpaper

For further information:

Investors:

Brian Baarda

Vice President, Finance & CFO

[phone]

Alistair MacCallum

Vice President, Treasurer & Corporate Controller

[phone]

Media:

Lyn Brown

Vice President, Marketing & Corporate Responsibility

[phone]