Receives Court Authorization to Continue Employee Wages and Benefits, Customer Programs and Payments to Suppliers in the Ordinary Course for Post-Petition Goods and Services
Verso Corporation and its Subsidiaries File Voluntary Petitions under Chapter 11 of U.S. Bankruptcy Code and Expect To Reach Agreed-Upon Terms for Plan of Reorganization with Certain Creditors and to Obtain up to $600 million in Debtor-in-Possession Financing Package
Normal Operations to Continue