NewPage Files Joint Chapter 11 Plan
MIAMISBURG, Ohio, Aug. 14, 2012 /PRNewswire/ -- NewPage Corporation announced today that it has filed a Joint Chapter 11 Plan (the "Plan") with the United States Bankruptcy Court for the District of Delaware. The Company also requested an extension of time to file the disclosure statement related to the Plan.
"The filing of our plan of reorganization is an important and positive step forward to a successful completion of our financial reorganization," said George F. Martin, president and chief executive officer. "Discussions with and among our major creditor groups regarding the plan are ongoing. We are hopeful that these discussions will lead to broad support for our plan."
The Plan is available at http://www.newpagerestructuring.com/legal-filings/.
This release is not intended as a solicitation for a vote on the Plan.
NewPage is the leading producer of printing and specialty papers in North America with $3.5 billion in net sales for the year ended December 31, 2011. NewPage is headquartered in Miamisburg, Ohio, and owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota and Wisconsin. These mills have a total annual production capacity of approximately 3.5 million tons of paper.
The company's product portfolio is the broadest in North America and includes coated, specialty, supercalendered and uncoated papers. These papers are used in commercial printing to create corporate collateral, magazines, catalogs, books, coupons, inserts and direct mail as well as in specialty paper applications including beverage bottle labels, food and medical packaging, pressure-sensitive labels and release liners. To learn more, visit www.NewPageCorp.com.
SOURCE NewPage Corporation