NewPage Completes Financial Restructuring, Emerges from Chapter 11

In conjunction with the plan, NewPage closed on its exit financing, consisting of a $500 million term loan facility led by Goldman Sachs Lending Partners and a $350 million revolving credit facility led by J.P. Morgan Securities.

“This is an exciting day for all of us at NewPage,” said George F. Martin, president and CEO. “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. We look forward to continuing to provide our customers with exceptional service and high-quality products, operating safe and efficient mills and being a responsible community member.”