Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Catalyst Paper's Restructuring Plan Nixed
Print
Richmond, British Columbia, Canada, 23 May 2012 -- Catalyst Paper Corporation announced that the company did not receive the necessary creditor approval for its amended plan of arrangement under the Companies’ Creditors Arrangement Act. Approval of not less than 66 2/3% of the principal amount of each creditor class voting on the plan is required. 
 
Although 99.5% of the principal amount of the secured creditor class voted in favor of the plan, only 64% of the principal amount of the unsecured creditor class voted in favor of the plan at meetings held today in Richmond, British Columbia. Details of the voting results, including votes on a class-by-class basis, are available at www.catalystpaper.com/restructuring.


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: