NewPage Seeking $600M DIP Loan

Sheahan, Matthew
August 2011
High Yield Report;8/29/2011, p8
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.


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