MIAMISBURG, Ohio, Sept. 14, 2018 /PRNewswire/ -- Verso Corporation
(NYSE: VRS) is pleased to announce 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.
About Verso
Verso Corporation is the turn-to company for those looking to
successfully navigate the complexities of paper sourcing and
performance. 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. Verso's long-standing reputation
for quality and reliability is directly tied to our vision to be a
company with passion that is respected and trusted by all. Verso's
passion is rooted in ethical business practices that demand safe
workplaces for our employees and sustainable wood sourcing for our
products. This passion, combined with our flexible manufacturing
capabilities and an unmatched commitment to product performance,
delivery and service, make Verso a preferred choice among
commercial printers, paper merchants and brokers, converters,
publishers and other end users. For more information, visit us
online at versoco.com.
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SOURCE Verso Corporation