Verso Corporation announced that as of September 10, 2018, it has paid in full its senior secured term loan facility. The original value of the term loan at its inception on July 15, 2016, was $220 million. The final payment of approximately $50 million plus accrued interest was paid from excess cash and available capacity from Verso's asset-based revolving credit facility.

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Verso announces full repayment of term loan

Verso Corporation announced that as of September 10, 2018, it has paid in full its senior secured term loan facility. The original value of the term loan at its inception on July 15, 2016, was $220 million. The final payment of approximately $50 million plus accrued interest was paid from excess cash and available capacity from Verso's asset-based revolving credit facility.

Verso Corporation is the leading North American producer of printing and specialty papers and pulp, Verso provides insightful solutions that help drive improved customer efficiency, productivity, brand awareness and business results.