NewPage Corp., the largest U.S. coated-paper maker, settled with creditors over its plan to exit bankruptcy by agreeing to give first-lien noteholders all of the stock in the reorganized company, Bloomberg News reported yesterday. Lower-ranking noteholders and some other unsecured creditors will split $30 million in cash and the first $50 million that might come from any lawsuits filed by a litigation trust, NewPage said today. NewPage, based in Miamisburg, Ohio, filed for bankruptcy in September 2011, listing $3.4 billion in assets and $4.2 billion in debt.
