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News Stories (4 Results) - Verso Paper

Verso Corporation announced that it has received final approval from the U.S. Bankruptcy Court in the District of Delaware for a variety of first day motions related to its voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code.  These... Read Story
March 03, 2016, 08:08 AM

Verso Corporation has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso's filing for... Read Story
January 28, 2016, 07:48 AM

An expected Chapter 11 bankruptcy filing by Verso Corp. would boost the mid-January trailing 12-month (TTM) high yield bond default rate to 3.7% from 3.4% at year-end 2015, according to Fitch Ratings. A filing would affect approximately $2.7 billion... Read Story
January 21, 2016, 07:21 AM

NewPage Holdings Inc. announced that its wholly-owned subsidiary, NewPage Corporation, closed on financing consisting of a new $750 million term loan facility led by Credit Suisse Securities (USA) LLC (the "Term Loan Facility") and a new $350 million... Read Story
February 12, 2014, 08:36 AM