Item 7.01 Regulation FD Disclosure.
On August 16, 2018, a press release announcing the sale of the Wickliffe Mill to the Purchaser (each as defined below) was issued jointly
by the Commonwealth of Kentucky Governors office, the Purchaser and Verso Corporation (Verso). The press release is included as Exhibit 99.1 to this report and is incorporated herein by reference.
The press release, including the information contained therein, is furnished pursuant to Item 7.01, is not to be considered
filed under the Securities Exchange Act of 1934, as amended (the Exchange Act) and shall not be incorporated by reference into any of Versos previous or future filings under the Securities Act of 1933, as amended (the
Item 8.01 Other Events.
On August 16, 2018, Verso Paper Holding LLC (Verso Paper), a wholly owned subsidiary of Verso, entered into a purchase
agreement with Global Win Wickliffe LLC (Purchaser), pursuant to which Verso Paper agreed to sell, and Purchaser agreed to purchase, one of Versos subsidiaries, Verso Wickliffe LLC (Verso Wickliffe), for a purchase
price of approximately $16.0 million in cash. Verso Wickliffe owns substantially all of the assets that comprised Versos Wickliffe, Kentucky paper mill (the Wickliffe Mill) and related operations. Verso previously announced its
decision to permanently close the Wickliffe Mill in April 2016. The purchase agreement contains customary representations and warranties by, and customary covenants among, the parties. The sale is expected to close in the third quarter of this year,
subject to satisfaction of certain conditions. There is no assurance that these conditions will be met.
In this Current Report on Form 8-K, all statements that are not purely historical facts are forward-looking statements within the meaning of
Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements in this press release include, but are not limited to, the expected timing of the closing of the sale of the Wickliffe Mill. Forward-looking
statements may be identified by the words believe, expect, anticipate, project, plan, estimate, intend, potential and other similar expressions.
Forward-looking statements are based on currently available business, economic, financial, and other information and reflect managements current beliefs, expectations, and views with respect to future developments and their potential effects
on Verso. Actual results could vary materially depending on risks and uncertainties that may affect Verso and its business. Versos actual actions and results may differ materially from what is expressed or implied by these statements due to a
variety of factors, including those risks and uncertainties listed under the caption Risk Factors in Versos Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and from time to time in Versos other
filings with the Securities and Exchange Commission. Verso assumes no obligation to update any forward-looking statement made in this press release to reflect subsequent events or circumstances or actual outcomes.
Item 9.01 Financial Statements and Exhibits.