Catalyst Paper amended its asset-based lending (ABL) credit facility. The amendment, which included an increase of the maximum revolving credit commitments by $25 million to $250 million.

The ABL facility lenders are CIBC as administrative agent, Wells Fargo Capital Finance of Canada, Export Development Canada (EDC) and Bank of Montreal (BMO).

“The amendment increases the company’s flexibility to pursue growth in value-added niche markets while continuing to drive cost improvements,” said Joe Nemeth, president and chief executive Officer. “This strategy of bottom line cost reduction and top line growth is foundational to Catalyst’s future transformation.”

Richmond, BC-based Catalyst Paper manufactures diverse printing papers such as coated freesheet, C1S, coated and uncoated groundwood, newsprint, directory, as well as market pulp.