NewPage files Joint Chapter 11 Plan
Aug 14, 2012. NewPage Corporation has filed a Joint Chapter 11 Plan (the "Plan") with the United States Bankruptcy Court for the District of Delaware. NewPage Corporation also requested an extension of time to file the disclosure statement related to the Plan.
Aug 14, 2012. /Lesprom Network/. NewPage Corporation has filed a Joint Chapter 11 Plan (the "Plan") with the United States Bankruptcy Court for the District of Delaware. NewPage Corporation also requested an extension of time to file the disclosure statement related to the Plan, as the company said in the press release received by Lesprom Network.
"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 CEO. "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."
NewPage produces printing and specialty papers in North America. 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.