Business News
NewPage Group Inc. Files Registration Statement for Initial Public Offering of Common Stock
Wednesday 07. May 2008 - NewPage Group Inc. filed a registration statement on Monday, May 5, 2008, with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
NewPage Group Inc. is the parent company of NewPage Corporation. NewPage Corporation, headquartered in Miamisburg, Ohio, is the largest coated paper manufacturer in North America, based on production capacity, with more than $4.7 billion in pro forma net sales for the year ended December 31, 2007. The company’s product portfolio is the broadest in North America and includes coated freesheet, coated groundwood, supercalendered, newsprint and specialty papers. These papers are used for corporate collateral, commercial printing, magazines, catalogs, books, coupons, inserts, newspapers, packaging applications and direct mail advertising.
NewPage owns paper mills in Kentucky, Maine, Maryland, Michigan, Minnesota, Nova Scotia, and Wisconsin. These mills have a total annual production capacity of approximately 5.5 million tons of paper, including approximately 4.3 million tons of coated paper, approximately 920,000 tons of uncoated paper and approximately 300,000 tons of specialty paper, as well as approximately 3.2 million tons of pulp.
Goldman, Sachs & Co. is serving as sole bookrunning lead manager for the proposed offering. Copies of the preliminary prospectus related to the offering, when available, may be obtained from Goldman, Sachs & Co. – Prospectus Department, 85 Broad Street, New York, New York 10004, or by calling 212-902-1171.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
The first quarter 2008 earnings release, earnings conference call and webcast is scheduled for Tuesday, May 13, 2008, at 11 a.m. (ET) with access available through the Internet and telephone. The teleconference is expected to last one hour. Mark A. Suwyn, chairman and chief executive officer, and Richard D. Willett, Jr., president and chief operating officer, will review operating performance. Jason W. Bixby, vice president and chief financial officer, will review the financial results.