Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
According to paper industry blog Dead Tree Edition, in addition to its debt, the company blames declining North American demand, competition from Asia and rising raw materials costs for its seeking bankruptcy protection.
NewPage's debt has been an ongoing concern for investors. In June, bond prices hit a two-year low over concerns that that the company, owned by Cerberus Capital Management LP, would not be able to service its debts.
0 Comments
View Comments
Related Content
Comments