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The Wall Street Journal is reporting this morning that NewPage Corp. is in talks with J.P. Morgan Chase & Co. and Wells Fargo & Co. to obtain roughly $600 million in so-called debtor-in-possession financing. Debtor-in-possession loans are usually used by companies while they are operating under bankruptcy protection. These loans typically carry high interest rates. [...]
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NewPage is in talks to obtain debtor-in-possession financing
Fri 26 Aug 2011 09:00:02 AM EDTThe Wall Street Journal is reporting this morning that NewPage Corp. is in talks with J.P. Morgan Chase & Co. and Wells Fargo & Co. to obtain roughly $600 million in so-called debtor-in-possession financing. Debtor-in-possession loans are usually used by companies while they are operating under bankruptcy protection. These loans typically carry high interest rates. [...]
Posted by ForestTalk.com
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