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...
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March 03, 2016, 08:08 AM
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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...
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January 28, 2016, 07:48 AM
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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...
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January 21, 2016, 07:21 AM
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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...
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February 12, 2014, 08:36 AM
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