Catalyst Restructuring Debt

Catalyst Paper has had a much more modest debt level than most other Canadian paper producers. Market conditions and currency values  have, however, put a strain on just about all manufacturing companies in Canada. In order to stay ahead of the game, Catalyst has offered an interesting proposal for holders of its debt that would exchange equity for some debt, and push out repayment until 2016. Bondholders have until December the 24th to respond but the offer looks like a win-win. See the first page of the attached investment report (the other four pages will be too much detail for most of us) by Dundee Capital Markets.

Click here for the full pdf

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