NewPage Hashes Out Plan
MIAMISBURG, OH—NewPage Corp. has reached an agreement in principle with all of its major creditor groups concerning the terms of its Chapter 11 plan. NewPage also announced that it may sign an exit financing facility in the form of a $500 million secured term debt facility and $400 million asset-based revolving credit facility.
EDP, Herrmann Join Forces
PITTSBURGH—Enhanced Digital Printing (EDP) has completed an agreement with Herrmann Printing and Litho (HPL), whereby EDP has merged into HPL. EDP and HPL will operate under their current brands as divisions on one level, and as part of a group on a higher level. On the higher group level, expertise and technologies will be combined to leverage new cross-platform products and services.