NewPage, a producer of printing and specialty papers, announced it has successfully completed its financial restructuring and has officially emerged from Chapter 11 bankruptcy protection pursuant to its modified fourth amended Chapter 11 plan, confirmed on December 14, 2012, by the U.S. Bankruptcy Court for the District of Delaware in Wilmington.

In conjunction with the Plan, NewPage closed on its exit financing, consisting of a $500 million term loan facility led by Goldman Sachs Lending Partners and a $350 million revolving credit facility led by J.P. Morgan Securities.

Jay A. Epstein, senior vice president and chief financial officer for NewPage, said, “Through the reorganization process, we significantly reduced our debt and emerged with a sustainable capital structure. Our exit facility will provide ample liquidity to meet all of our working capital and capital investment needs.”

Previously on abfjournal.com:

Court Confirms NewPage Chapter 11 Plan, Monday, December 17, 2012