(USA) Aurelius Capital Management LP, an unsecured creditor of an affiliate of bankrupt newsprint company AbitibiBowater Inc., has objected to the company's debtor-in-possession financing request...
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(India) Tamil Nadu Newsprint& Papers today reported a decline of 22.46 per cent in its net profit at Rs 21.23 crore in the quarter ended March 31, 2009, over the same period last year...
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(Canada) Domtar Corporation (NYSE/TSX: UFS) today announced that it is commencing a cash tender offer for up to $250 million aggregate principal amount (the "Tender Cap") of its outstanding 7.875% Notes due 2011...
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(Norway) Standard & Poor's Ratings Services lowered its long-term issuer credit ratings on Norway-based forest-product company Norske Skogindustrier ASA (Norske Skog) to 'B+' from 'BB-'. At the same time, the 'B' short-term rating was affirmed. The outlook is negative.
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(USA) Paper producer Cellu Tissue Holdings,rnInc on Tuesday sold $255 million, five-year notes in the 144a private placement market, said IFR, a Thomson Reutersrnpublication...
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(USA/Canada) The newsprint maker AbitibiBowater said Tuesday that some of its lenders had granted one of its units a waiver, after it failed to meet the requirements under a $210 million receivables purchase agreement...
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(Australia) PaperlinX Ltd's 2009 profit forecast has been downgraded by as much as 64 per cent by analysts after the paper merchant secured an extension of waivers over debt covenant breaches from its bankers...
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(Canada) AbitibiBowater Inc. and AbitibiBowater Canada has announced that they are not able to file their annual financial statements, accompanying management's discussion and analysis ("MD&A") and related CEO and CFO...
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(Brazil) Aracruz, one of Brazil's biggest paper and pulp producers, announced a net loss of R$4.19bn ($1.8bn) in 2008 after bets on currency futures went badly wrong...
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(Canada) Newsprint giant AbitibiBowater has again staved off a bankruptcy filing for at least a few days after the company said Thursday it has been granted another extension from secured U.S. lenders to come up with a plan to restructure a multibillion-dollar debt load...
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Stock indexes are used extensively to analyze market trends. They also are used to examine economic trends that influence the market but move much more slowly. One index used in this latter fashion surprised me, though it should not have: the Dow Jones U.S. Paper Index...
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(Canada) AbitibiBowater has announced today that Bowater Finance II LLC, an indirect wholly owned subsidiary of AbitibiBowater, has extended the expiration date for its previously announced private exchange offers...
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(China) Shandong Bohui Paper Industry, a Chinese paper manufacturer, has announced that it will issue up to RMB 975 million in five-year convertible bonds, dropping its original plan to issue corporate bonds, sources reported.
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(Canada) The shares of AbitibiBowater, already battered by weak paper markets, tumbled again on Thursday after a report the newsprint maker's recapitalization plan was meeting resistance from bank creditors.
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(Canada) The Canadian forest, paper and packaging (FPP) industry has not been immune to the economic downturn. Indeed, aggregate fourth quarter 2008 net earnings of 13 of the largest Canadian FPP companies plummeted to -C$1.3 billion from -C$226 million in Q3 2008...
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Ahlstrom, a leading manufacturer of specialty papers and nonwovens, announces that the very challenging market conditions that impacted Ahlstrom's business in the fourth quarter of 2008 have prevailed in the beginning of this year...
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(Finland) Stora Enso expects its operating result excluding non-recurring items (NRI) and fair valuations for the first quarter of 2009 to be clearly down on the fourth quarter of 2008 due to customer destocking and underlying weakness in demand, especially for wood products...
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(Japan) Nippon Paper expects a 27 percent drop in consolidated operating profit to about 24 billion yen ($243.4 million) for the year ending March 31, President Yoshio Haga told the financial daily Nikkei in an interview...
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Posted by
paperperson
285 days ago
(http://phoenix.corporate-ir.net)
