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Verso completes loan repayment

MIAMISBURG, Ohio — Verso Corp. announced that as of Sept. 10 it has paid in full its senior secured term loan facility.

The original value of the term loan at its inception on July 15, 2016, was $220 million. The final payment of approximately $50 million plus accrued interest was paid from excess cash and available capacity from Verso’s asset-based revolving credit facility.

Verso Corp. is the leading North American producer of printing and specialty papers and pulp, with seven mills in the United States, including Quinnesec and Escanaba in the Upper Peninsula.

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