NewPage begins debt restructuring
Source: Business Week
The latest news from paper mill company NewPage could be good or bad, depending on your perspective, but it’s certainly of interest to workers in the U.P., such as those at its Escanaba operations.
Excerpt: NewPage Corp. is working with advisers to help restructure its debt as owner Cerberus Capital Management LP seeks to fend off distressed investors, including Apollo Global Management LLC.
Lazard Ltd., FTI Consulting Inc. and law firm Dewey & LeBoeuf LLP are advising Miamisburg, Ohio-based NewPage, according to three people with knowledge of the matter, who declined to be identified because the talks are private.
For the whole story, go here.
Source: Business Week
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