Edition:
United Kingdom

CatchMark Timber Trust Inc (CTT.N)

CTT.N on New York Stock Exchange

7.96USD
4:03pm GMT
Change (% chg)

$-0.11 (-1.36%)
Prev Close
$8.07
Open
$8.10
Day's High
$8.14
Day's Low
$7.96
Volume
25,612
Avg. Vol
101,149
52-wk High
$13.71
52-wk Low
$7.85

Latest Key Developments (Source: Significant Developments)

Catchmark Reports Negligible Impacts From Recent Hurricanes
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - CatchMark Timber Trust Inc ::CATCHMARK REPORTS NEGLIGIBLE IMPACTS FROM RECENT HURRICANES.  Full Article

Phaunos Tmbr Confirms Catchmark Approach Regarding Possible Offer For Co
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Phaunos Timber Fund Ltd ::PHAUNOS TMBR FND LTD - RESPONSE TO POSSIBLE OFFER BY CATCHMARK.PHAUNOS TIMBER - BOARD INTENDS TO ENGAGE WITH CATCHMARK TO UNDERSTAND FULLY ITS PROPOSAL AND WILL CONSIDER IT IN DUE COURSE.PHAUNOS TIMBER FUND - NOTES THAT OFFER REPRESENTS SIGNIFICANT PREMIUM OF 16.3 PERCENT TO OFFER BY STAFFORD CAPITAL PARTNERS OF $0.49 PER CO'S SHARE.PHAUNOS TIMBER FUND - CONFIRMS APPROACH BY CATCHMARK REGARDING POSSIBLE ALL-STOCK OFFER FOR CO, AT A PRICE OF $0.57/PHAUNOS SHARE.  Full Article

Catchmark Evaluates Potential Offer To Acquire Phaunos Timber Fund Ltd. In An All-Stock Transaction
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - Catchmark Timber Trust Inc ::CATCHMARK EVALUATES POTENTIAL OFFER TO ACQUIRE PHAUNOS TIMBER FUND LTD. IN AN ALL-STOCK TRANSACTION.AT CURRENT STOCK PRICES, COMBINED COMPANY WOULD HAVE AN $850 MILLION EQUITY VALUE AND $1.3 BILLION ENTERPRISE VALUE..EXECUTIVE LEADERSHIP AND BOARD OF CATCHMARK WOULD MANAGE COMBINED COMPANY.CATCHMARK TIMBER TRUST - POTENTIAL OFFER FOR PHAUNOS VALUES PHAUNOS AT $0.57 PER SHARE TO BE PAID IN NEW SHARES OF CATCHMARK CLASS A COMMON STOCK.  Full Article

CatchMark To Acquire 18,063 Acres Of Prime Oregon Timberlands, Sell 56,000-Acre Southwest Region Portfolio
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - CatchMark Timber Trust Inc ::IN SEPARATE TRANSACTIONS, CATCHMARK AGREES TO ACQUIRE 18,063 ACRES OF PRIME OREGON TIMBERLANDS; ALSO AGREES TO SELL 56,000-ACRE SOUTHWEST REGION PORTFOLIO, RETAINING 370,000 TONS OF MERCHANTABLE INVENTORY.CATCHMARK TIMBER TRUST INC - DEAL FOR $88.8 MILLION.CATCHMARK TIMBER TRUST - TO SELL 56,000 ACRES OF TIMBERLANDS IN TEXAS AND LOUISIANA - SOUTHWEST REGION - TO FIA FOR $78.5 MILLION.CATCHMARK TIMBER TRUST - WILL FUND BANDON PURCHASE FROM COMBINATION OF CASH ON HAND & BORROWING UNDER AMENDED CREDIT FACILITY.CATCHMARK TIMBER TRUST - AMENDED FACILITY INCREASES TOTAL CAPACITY BY $75 MILLION & RIGHT-SIZES ITS MULTI-DRAW TERM LOAN TO $200 MILLION.CATCHMARK TIMBER TRUST INC - AMENDED FACILITY ADDS A NEW 7-YEAR $140 MILLION TERM LOAN TO REFINANCE EXISTING DEBT UNDER MULTI-DRAW TERM LOAN.  Full Article

Catchmark Timber Trust Inc Q2 Net Loss Per Share $0.03
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - CatchMark Timber Trust Inc ::CATCHMARK REPORTS STRONG SECOND QUARTER RESULTS, INCREASES GUIDANCE AFTER TRIPLE T CLOSING, DECLARES DIVIDEND.Q2 REVENUE $26.2 MILLION VERSUS I/B/E/S VIEW $22.6 MILLION.QTRLY NET LOSS PER SHARE $0.03.ANTICIPATES A FULL-YEAR GAAP NET LOSS OF $208 MILLION TO $214 MILLION.  Full Article

Catchmark Timber Trust Says Co, Catchmark Timber Operating Partnership Amended Existing Credit Facilities
Thursday, 5 Jul 2018 

July 5 (Reuters) - CatchMark Timber Trust Inc ::CATCHMARK TIMBER TRUST SAYS ON JUNE 29, CO, CATCHMARK TIMBER OPERATING PARTNERSHIP AMENDED EXISTING CREDIT FACILITIES - SEC FILING.CATCHMARK TIMBER TRUST - PARTIES AMENDED EXISTING CREDIT FACILITY BY ENTERING CONSENT AND AMENDMENT AGREEMENT, DATED AS OF JUNE 29, 2018.CATCHMARK TIMBER TRUST INC - PARTIES ENTERED INTO AMENDMENT IN CONNECTION WITH PROPOSED TIMBERLANDS JOINT VENTURE, TEXMARK TIMBER TREASURY, L.P..CATCHMARK TIMBER TRUST - TRIPLE T GP WILL BE GENERAL PARTNER OF JV WITH CREEK PINE HOLDINGS, LLC & CATCHMARK TRS CREEK MANAGEMENT, LLC.CATCHMARK TIMBER SAYS FINANCING OF JV, AMENDMENT SETS FORTH COBANK'S, LENDERS' CONSENT TO TRIPLE T GP HAVING CONTINGENT LIABILITIES OF JV.  Full Article

Medley Management Says JV With Catchmark To Acquire 1.1 Mln Acres Of East Texas Timberlands
Monday, 14 May 2018 

May 14 (Reuters) - CatchMark Timber Trust Inc ::MEDLEY, AS PART OF A PREFERRED EQUITY INVESTOR CONSORTIUM, ANNOUNCES JOINT VENTURE WITH CATCHMARK TO ACQUIRE 1.1 MILLION ACRES OF EAST TEXAS TIMBERLANDS.MEDLEY MANAGEMENT INC SAYS MEDLEY INVESTED IN THE TRANSACTION THROUGH ITS TACTICAL OPPORTUNITIES GROUP.  Full Article

CatchMark Led Partnership To Buy 1.1 Mln Acres Of East Texas Timberlands For $1.39 Bln
Monday, 14 May 2018 

May 14 (Reuters) - CatchMark Timber Trust Inc ::CATCHMARK LED PARTNERSHIP AGREES TO $1.39 BILLION ACQUISITION OF 1.1 MILLION ACRES OF PRIME EAST TEXAS TIMBERLANDS FROM CAMPBELL GLOBAL.CATCHMARK TIMBER - CO TO FUND ITS INVESTMENT OF UP TO $227.5 MILLION IN JOINT VENTURE THROUGH BORROWINGS UNDER ITS MULTI-DRAW TERM LOAN AND CASH ON HAND.CATCHMARK TIMBER TRUST - PROPERTY IS BEING SOLD BY CAMPBELL GLOBAL, ON BEHALF OF INSTITUTIONAL OWNERS OF PROPERTY.CATCHMARK TIMBER TRUST INC - COBANK ACB WILL ACT AS AGENT FOR A LENDER SYNDICATE AND PROVIDE A $750 MILLION FINANCING FACILITY.CATCHMARK TIMBER TRUST - DEAL ESTIMATED TO BE 2 PERCENT TO 3 PERCENT CAD ACCRETIVE IN YEAR ONE.CATCHMARK - JOHN RASOR, CO'S CURRENT COO, TO TRANSITION TO SERVE AS PRESIDENT OF NEWLY FORMED JV COMPANY, WHICH TO BE NAMED TEXMARK TIMBER TREASURY.  Full Article

Catchmark Expands Credit Facilities To $638 Million
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Catchmark Timber Trust Inc ::CATCHMARK EXPANDS CREDIT FACILITIES TO $638 MILLION.CATCHMARK TIMBER TRUST INC - NEW DEBT FACILITIES INCLUDE A $35 MILLION, FIVE-YEAR REVOLVING LINE OF CREDIT, A $265 MILLION SEVEN-YEAR MULTI-DRAW TERM LOAN.CATCHMARK TIMBER TRUST - NEW DEBT FACILITIES ALSO INCLUDE $100 MILLION SEVEN-7 TERM LOAN, A $119 MILLION NINE-YEAR TERM LOAN, & A $119 MILLION TEN-YEAR TERM LOAN.  Full Article

Catchmark reports Q3 revenue $18.6 million
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Catchmark Timber Trust Inc ::Catchmark announces third quarter results; declares fourth quarter dividend.Q3 revenue $18.6 million versus $18.3 million.Catchmark Timber Trust Inc qtrly loss per share ‍$0.10​.  Full Article

Deals of the day-Mergers and acquisitions

Sept 6 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: