UPFRONT

Paper Maker Exits Bankruptcy

MONTREAL—AbitibiBowater has successfully completed its reorganization and emerged from creditor protection under the Companies' Creditors Protection Act (CCAA) in Canada and Chapter 11 of the U.S. Bankruptcy Code. Since 2007, the company has reportedly restructured itself both financially and operationally in a way that has dramatically lowered its break-even point. AbitibiBowater streamlined its asset profile to top-performing facilities, closing or idling 3.4 million metric tons 
of paper capacity on an annual basis.