Verso Announces Full Repayment of Term Loan
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Verso Corporation (Memphis, Tenn., USA) announced on Sept. 14, 2018 that as of Sept. 10, 2018, 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.
