New Issue-Verso Paper sells $325 mln in notes

May 28 (Reuters) - Paper producer Verso Paper Holdings LLC
and Verso Paper Inc, units of Verso Paper Corp (VRS.N) on
Wednesday jointly sold $325 million of 5-year senior secured
notes in the 144a private placement market, said IFR, a Thomson
Reuters service.

Credit Suisse and Citigroup were the joint bookrunning
managers for the sale.
BORROWER: VERSO PAPER HOLDINGS LLC / VERSO PAPER INC
AMT $325 MLN* COUPON 11.50 PCT MATURITY 7/1/2014
TYPE SR SEC NTS ISS PRICE 91.968 FIRST PAY N/A
MOODY'S Ba2 YIELD 13.75 PCT SETTLEMENT 6/11/2009
S&P B-PLUS SPREAD 1,129 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 2.5 YEARS**
*$298.895 MLN PROCEEDS TO ISSUER
**CALL SCHEDULE: 105, 103, 100
ANNUAL SPECIAL CALL: UP TO 10 PCT OF THE NOTES AT 103
MAKE-WHOLE CALL 50 BPS
EQUITY CLAW: 35 PCT AT 111.5 UNTIL 1/1/2012
(Editing by Theodore d'Afflisio)