NewPage Amendment Expected To Pass

A proposed amendment to NewPage’s $1.6 billion credit facility was largely expected to pass ahead of today’s 5 p.m. deadline.

  • 27 Aug 2009

--Libby Sallaberry

A proposed amendment to NewPage’s $1.6 billion credit facility was largely expected to pass ahead of today’s 5 p.m. deadline. The Miamisburg, Ohio-based paper packaging company raised the coupon and shortened the covenant waiver period on Monday to sweeten the deal for lenders (TSCI, 8/24/09).

“My guess ...

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