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





On June 1, 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 1009 and is described on the court’s official docket as follows:

Motion to Authorize // Debtors’ Motion for Entry of an Order Authorizing the Debtors to Enter Into a New Insurance Premium Financing Agreement with IPFS Corporation Filed by Verso Corporation. Hearing scheduled for 6/20/2016 at 03:00 PM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #3, Wilmington, Delaware. Objections due by 6/13/2016. (Attachments: # (1) Notice # (2) Exhibit A # (3) Exhibit B) (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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