Catalyst Paper announces Court approval for creditor meetings
Jun 19, 2012. Catalyst Paper announced that, further to its news release dated June 14, 2012, it has received approval from the Court for additional meetings of its secured and unsecured creditors to consider the further amended Plan of Arrangement under the Companies’ Creditors Arrangement Act. The Meetings to consider the Amended Plan will be held on June 25, 2012.
Jun 19, 2012. /Lesprom Network/. Catalyst Paper announced that, further to its news release dated June 14, 2012, it has received approval from the Court for additional meetings of its secured and unsecured creditors (the Meetings) to consider the further amended Plan of Arrangement (the Amended Plan) under the Companies’ Creditors Arrangement Act. The Meetings to consider the Amended Plan will be held on June 25, 2012 at 10:00 am for Unsecured Creditors (including holders of Unsecured Notes and General Unsecured Claims) and 11:00 am for First Lien Noteholders at Delta Vancouver Airport Hotel, 3500 Cessna Drive, Richmond, BC.
The Court order provides that all votes (whether in person or by proxy) cast in respect of the previous plan of arrangement at the meetings of secured and unsecured creditors of Catalyst Paper held on May 23, 2012 (the Prior Meetings) will be deemed to be voted as they were voted at the Prior Meetings (in favour of or against, as applicable) the Amended Plan at the Meetings unless revoked.
The record date for voting at the Meetings is the same as for the Prior Meetings; March 16, 2012.
Catalyst Paper manufactures diverse specialty mechanical printing papers, newsprint and pulp.