Feb 18, 2010. /Lesprom Network/. NewPage Corporation announced its results of operations for the 4Q and the full year 2009. Net sales were $857 million in the 4Q 2009 compared to $977 million in the 4Q 2008, a decrease of $120 million, or 12%. For the full year 2009, net sales were $3,106 million compared to $4,356 million for 2008, a decrease of $1,250 million, or 29%. Net loss attributable to the company was $55 million in the 4Q 2009 compared to $42 million in the 4Q 2008. For the full year 2009, net loss attributable to the company was $308 million, compared to $117 million in 2008. Debt covenant EBITDA (earnings before interest, taxes, depreciation and amortization) was $432 million in 2009 compared to $611 million in 2008. “During 2009 we faced very challenging market conditions. Overall industry shipments of coated papers were off 20% as print advertising reacted to the uncertain economy and customers reduced their inventories of paper,” said Mark A. Suwyn, NewPage Corporation Chairman. NewPage closed the year with $224 million of liquidity, consisting of $5 million of cash and cash equivalents and $219 million of additional borrowing availability under the revolving credit facility after reduction for $94 million in letters of credit and $52 million in outstanding borrowings under the revolving credit facility. NewPage Corporation produces coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Wisconsin and Nova Scotia, Canada.