DS Smith informed employees at its Wansbrough Paper Mill in Watchet, Somerset, Great Britain that the company is considering closing the mill before the end of the year. "Following a review of the long term economic outlook for the Wansbrough paper mill, today we announced to employees at the mill that we are proposing to close Wansbrough Mill and are entering a period of consultation with employee representatives. The process will take into account all possible options for the future of the site.
Verso Corporation (NYSE: VRS) is pleased to announce that as of September 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.