Verso Preparing to File for Bankruptcy This Week
#Verso Preparing to File for #Bankruptcy This Week - #HubTelegram
HUB TELEGRAM — Verso Corp. is preparing to file for bankruptcy protection as soon as this week as a grace period on a missed interest payment nears expiration, according to two people with knowledge of the matter.
The papermaker, which is backed by Apollo Global Management LLC, missed payments owed to two sets of creditors earlier this month. The five-day grace period for skipping the amount owed…
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