NewPage Reaches Agreement with Creditors on Chapter 11 Plan

NewPage wishes to acknowledge the outstanding result achieved by Judge Drain in facilitating a consensual Chapter 11 plan, and wishes to thank all the mediation participants for their efforts throughout this process.

NewPage also announced today that it contemplates signing in the near term an exit financing facility in the form of a $500 million secured term debt facility and $400 million asset-based revolving credit facility.