News
Catalyst calls it off

Adverse market conditions prompted Catalyst Paper to withdraw its proposed $200 million private placement, thestar….

Adverse market conditions prompted Catalyst Paper to withdraw its proposed $200 million private placement, thestar.com has reported.

One week after announcing the offering, and a claim that proceeds were for general corporate purposes which may include acquisitions and investments to support our continued growth, the company called off the senior note offering.

Speculation about buying up divestitures from the AbibitiBowater merger circulated in the aftermath of the initial announcement.