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International Paper agrees to transfer $1.6 billion in pension liabilities to Prudential Retirement

Oct 02, 2018 at 01:00 pm by admin

NEWARK, N.J. (News release) -- International Paper will settle approximately $1.6 billion of its pension obligations.... Read More

Orchids Paper Products Company Announces Extension Of Milestone Dates

Sep 14, 2018 at 01:00 pm by admin

BRENTWOOD, Tenn. (News release) -- Orchids Paper Products Company announced that its lenders have extended the milestone.... Read More

Banks give Orchids Paper Products another month to find buyer

Aug 08, 2018 at 01:00 pm by admin

BRENTWOOD, Tenn. (From news reports) -- The leaders of Orchids Paper Products, a manufacturer of tissues that is based in B.... Read More

PaperWorks Industries, Inc. Announces Agreement on Comprehensive Deleveraging and Recapitalization

Dec 21, 2017 at 12:00 pm by admin

BALA CYNWYD, Pennsylvania (News release) -- On December 20, 2017, PaperWorks Industries, Inc. and certain of its affiliates (collectively, the "Company") and five (5) holders.... Read More

Creditors unite to save Norske Skog

Oct 18, 2017 at 10:45 am by admin

NORWAY (From news report) -- Norske Skog was saved from a bankruptcy filing this week, after various groups of creditors finally agreed on a rescue plan. Secured and unsecured.... Read More