Creditors approve Catalyst restructuring plan
Previous plan failed to win support from lenders, unionized workers.
Catalyst Paper gets $175M financing
Pulp and paper producer Catalyst Paper has secured up to $175 million in financing as it moves forward with restructuring under court protection from creditors.
Timminco finds possible buyer, short-term funds
Insolvent Timminco and its Becancour Silicon subsidiary have received a commitment for US$4.25 million to fund the insolvent specialty metal producers’ operations while they restructure under court protection from creditors.