Verso repays remaining $50 million under secured term loan facility

By Sarah Lizee

Olympia, Wash., Sept. 14 – Verso Corp. said it repaid in full its senior secured term loan facility with a final payment of about $50 million plus accrued interest.

The final payment was made using excess cash and available capacity from the company’s asset-based revolving credit facility, according to a press release.

The company entered into the $220 million term loan on July 15, 2016.

Memphis-based Verso produces printing and specialty papers and pulp.

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