NewPage Seals Accord With Creditors On Ch. 11 Plan
The accord, reached through mediation with U.S. Bankruptcy Judge Robert D. Drain, sets the terms for a plan where first-lien noteholders owed $1.7 billion will receive all of the equity in the reorganized NewPage, according to a statement from the company.
Second-lien noteholders and certain unsecured creditors,...
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