image description

NewPage Looking To Resolve Debt Issues

August 22nd, 2011 by WCBC Radio

The NewPage Corporation, which among other things operates the Luke paper mill in Westernport, is exploring its options for resolving its looming debt issues, and a major credit agency recently downgraded the company’s credit rating. NewPage has hired advisers to help “explore various restructuring alternatives,” and it mentioned possible Chapter 11 bankruptcy protection in documents the papermaker filed this week with the U.S. Securities and Exchange Commission. Patsy Koontz is the spokesperson for NewPage’s Luke Mill and she read a prepared statement from corporate headquarters…

Leave a Reply

View Mobile Site