NewPage Completes Financial Restructuring, Emerges from Chapter 11

Martin continued, “I would like to thank our customers and suppliers for their support during this process. I would also like to extend my gratitude to our employees for their hard work and tireless dedication throughout the reorganization and the challenging period leading up to it.”

Jay A. Epstein, senior vice president and chief financial officer for NewPage, added, “Through the reorganization process, we significantly reduced our debt and emerged with a sustainable capital structure. Our exit facility will provide ample liquidity to meet all of our working capital and capital investment needs.”