Catalyst Paper: Several parties interested in sale, investor process

By Caroline Salls

Pittsburgh, June 11 - Catalyst Paper Corp. said a number of parties have expressed interest in participating in its court-approved sale and investor solicitation procedures, according to a news release.

The company said potential bidders were required to submit information and an executed confidentiality agreement to Catalyst Paper by June 6.

The material submitted will be considered when determining the parties that will move to the next stage of the process, the release said.

Parties proceeding to the next stage must submit a non-binding indication of interest by 8 p.m. ET on July 11.

Catalyst is a Vancouver, B.C.-based paper and pulp company. The company filed for bankruptcy on Jan. 17 in the U.S. Bankruptcy Court for the District of Delaware to gain recognition of its Canadian proceedings. Its Chapter 15 case number is 12-10221.

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