Verso Corporation Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On February 24, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Verso Corporation and its affiliates.

The filing was assigned docket number 317 and is described on the court’s official docket as follows:

Motion for Leave // Debtors’ Motion for Leave to File and Serve Replies in Support of Verso Debtors’ and NewPage Debtors’ Motions Seeking Approval of Postpetition Financing and Use of Cash Collateral (related document(s)[48], [49], [104], [105], [260], [261], [310], [311], [312], [314], [315]) Filed by Verso Corporation. (Attachments: # (1) Exhibit A) (Steele, Amanda)

Verso Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on January 26, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 16-10163. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Verso Corporation in the bankruptcy case.


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