Sept. 8 (Bloomberg) — NewPage Corp., the largest maker of coated papers in North America, won temporary court permission to borrow as much as $600 million to keep operating while it tries to restructure at least $2.6 billion in bonds.
U.S. Bankruptcy Judge Kevin Gross said he would sign an order allowing the company to borrow money for the next several weeks after attorneys for NewPage, its bondholders and JPMorgan Chase & Co., which is arranging the loan, work out final wording this afternoon.
Full story: NewPage Wins Approval of Bankruptcy Loan to Keep Operating