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Catalyst Paper Corporation

Richmond, British Columbia, Canada, 19 May 2010 – Catalyst Paper Corporation (TSX:CTL) today announced the closing of the private placement of USD 110 million in aggregate principal amount of class B 11% senior secured notes due 15 December 2016, at an offering price of 86.0% of the principal amount.

The net proceeds of the offering of the class B senior secured notes will be used for general corporate purposes. 

The class B senior secured notes and the related guarantees have not been, and will not be, registered under the Securities Act, or any state securities laws, and may not be offered or sold in the United Sates absent registration or an applicable exemption from the registration requirements. The class B senior secured notes are being offered and sold pursuant to an exemption from the prospectus requirements under applicable Canadian securities law.

Catalyst Paper Corporation manufactures diverse specialty mechanical printing papers, newsprint, and pulp. Its customers include retailers, publishers, and commercial printers in North America, Latin America, the Pacific Rim, and Europe. With six facilities located in British Columbia, Canada, and Arizona, USA, Catalyst has a combined annual production capacity of 2.5 million metric tons. The company is headquartered in Richmond, British Columbia, Canada, and its common shares trade on the Toronto Stock Exchange under the symbol CTL. Catalyst is listed on the Jantzi Social Index and is ranked by Corporate Knights magazine as one of the 50 Best Corporate Citizens in Canada.


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