Catalyst Paper has a $73.5 million deficit in their pension plan:
Catalyst Paper has a $73.5 million shortfall in its pension plan.
Currently, the principal creditors of Catalyst Paper have until April 23 to agree on a restructuring plan. If they can not agree to a restructuring plan, Catalyst Paper will accept an already-negotiated “stalking horse bid” from its secured bondholders to buy the company.
