Saying it needs more time to discuss potential changes with creditors, Catalyst Paper announced that the meetings of its secured and unsecured creditors to consider the plan of arrangement have been rescheduled to May 23. The meetings were…
Saying it needs more time to discuss potential changes with creditors, Catalyst Paper announced that the meetings of its secured and unsecured creditors to consider the plan of arrangement have been rescheduled to May 23. The meetings were previously scheduled for May 18.
“Our discussions are continuing towards the possibility of amending the current plan of arrangement which would better enable Catalyst to emerge from creditor protection on a stronger financial footing,” said Kevin J. Clarke, president and CEO. “The additional time is intended to permit these discussions to be successfully completed.”
Catalyst anticipates that the court date to sanction and approve the plan of arrangement will be rescheduled to May 25, 2012.
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