Wednesday, December 26, 2012

NewPage Completes Financial Restructuring

NewPage Completes Financial Restructuring, Emerges from Chapter 11 With Sustainable Capital Structure:  NewPage Corporation announced today that it has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its Modified Fourth Amended Chapter 11 Plan confirmed on December 14, 2012, by the U.S. Bankruptcy Court for the District of Delaware in Wilmington. "This is an exciting day for all of us at NewPage," said George F. Martin, president and chief executive officer. "We have successfully completed our restructuring, and we have emerged as a financially sound company. This step helps to solidify our position as the leading North American producer of printing and specialty papers.