NewPage, Creditors Agree on Chapter 11 Terms

MIAMISBURG, OH—NewPage Corp. has reached an agreement in principle with all of its major creditor groups concerning the terms of its Chapter 11 plan. A brief summary of the agreement in principle has been posted to the KCC restructuring Website.

“This is a very important step for NewPage, and assuming satisfaction of certain conditions, this agreement should allow us to emerge from Chapter 11 in the near term,” said George Martin, president and CEO of NewPage.