April 28, 2024

Catalyst Paper obtains creditor protection

RICHMOND, B.C. - Pulp and paper producer Catalyst Paper Corp. (TSX:CTL) has secured up to $ 175 million in financing as it moves forward with restructuring under court protection from creditors.The struggling company said late Tuesday that JP Morgan agreed to provide debtor-in-possession financing during the CCAA process.Catalyst also received an … [Read more...]