TITLE

NewPage Seeking $600M DIP Loan

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
August 2011
SOURCE
High Yield Report;8/29/2011, p8
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses Ohio-based coated paper manufacturer NewPage's efforts to obtain a 600-million-dollar debtor-in-possession (DIP) loan. The company, which has more than 3 billion dollars in debt, has two possible restructuring scenarios. One includes a prepackaged bankruptcy filing, and the other involves obtaining more support from creditors during the bankruptcy process.
ACCESSION #
66187681

 

Related Articles

  • PERSONAL INSOLVENCY. DELEANU, Diana // International Conference : CKS - Challenges of the Knowledge Soc;2015, p225 

    In 2014 a draft bill on personal insolvency reached public debate, stirring controversy in both financial and academic environment. The current paper aims at analyzing the merits and weak points of the draft bill.

  • Debt of latitude. Segal, Nick // Lawyer;1/15/2007, Vol. 21 Issue 2, p32 

    The author reflects on the impact of the U.S. bankruptcy practice on Great Britain and European financial restructurings. The author inferred that the schemes for financially distressed debtors is one aspect of the restructuring law in Europe where there is an increasing pressure to adopt the...

  • NewPage Files for Bankruptcy. Sheahan, Matthew // High Yield Report;9/12/2011, p4 

    The article provides information about the filing for bankruptcy of paper manufacturer NewPage as well as its options for restructuring.

  • Determinants of the Choice of Formal Bankruptcy Procedure: An International Comparison of Reorganization and Liquidation. Wang, Chien-An // Emerging Markets Finance & Trade;Mar/Apr2012, Vol. 48 Issue 2, p4 

    Application of a logit regression model to 555 bankruptcy filings from 30 countries from 1993 to 2009 provides insight into the factors that determined the outcomes of two formal bankruptcy resolution procedures, reorganization, and liquidation. The evidence shows that the judicial efficiency of...

  • Footstar Emerges From Bankruptcy. Zmuda, Natalie // FN: Footwear News;2/13/2006, Vol. 62 Issue 7, p2 

    This article reports on the emergence of Footstar from bankruptcy in the U.S. as of February 2006. After nearly two years in bankruptcy, Footstar has emerged from Chapter 11. The reorganization plan of the company was confirmed by the U.S. Bankruptcy Court in late January 2006 and went into...

  • Less than 20% for Enron Creditors.  // American Banker;7/14/2003, Vol. 168 Issue 133, p10 

    States that Enron Corp. agreed to pay some creditors one-fifth of what they are owed, in an effort to get out of Chapter 11 bankruptcy protection in New York City. Discussion of the reorganization plan in which unsecured creditors should get 70% of their payments in cash; Background on the...

  • Après-scheme. Pilkington, Christian; Heverin, Kevin // Lawyer;6/27/2011, Vol. 25 Issue 26, p26 

    The article discusses the need by complex corporate reorganizations for an English law scheme which can provide a compromise with creditors outside the scope of formal bankruptcy proceedings. It notes that the potential hold-out value of dissident creditor minorities can be counteracted by a...

  • New refinancing proceedings under Spanish Law. Bou, Agustín // Insolvency & Restructuring International;Sept2014, Vol. 8 Issue 2, p39 

    The article discusses the modification of the Spanish Insolvency Act to simplify the restructuring and refinancing processes of viable debtor companies. It focuses on two types of refinancing agreements provided by the Insolvency Act including individual agreements executed with one single...

  • Executory Contract Counterparty Trumps Critical-Vendor Status. MISKEN, KENNETH M.; SIMMONS, CAMISHA L. // ABI Journal;Dec2014, Vol. 33 Issue 12, p20 

    The article focuses on the how executory contract counterparty protects the status of critical vendors concerning their pre-petition claims. Topics include the lack of protection of critical vendors for their pre-petition claims under a bankruptcy case, the role of assumption of creditor's...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics