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BRIEF-Catalyst paper announces execution of support agreement with principal noteholders for recapitalization

Published 2016-10-31, 07:34 a/m
© Reuters. BRIEF-Catalyst paper announces execution of support agreement with principal noteholders for recapitalization
CYT
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Oct 31 (Reuters) - Catalyst Paper Corp CYT.TO :

* Catalyst Paper Corp - agreement includes conversion of notes, including accrued, unpaid interest until Nov 1 into a term loan, common shares of co

* Catalyst Paper Corp - agreement includes conversion to equity of interest that is scheduled to be paid on notes on November 1, 2016

* Catalyst Paper - agreement includes deferral of interest payment accruing subsequent to Nov 1 on notes until implementation of alternative recap plan

* Catalyst Paper Corp - implementation of plan would not affect any contractual relationships with trade vendors or any amounts owing to them

* Catalyst Paper announces execution of a support agreement with principal noteholders for recapitalization Source text for Eikon: ID:nCCNbv3Kvd Further company coverage: CYT.TO

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