Mitsubishi HiTec Paper to increase prices for its thermal papers

Verso Corporation announced it has received necessary approvals from the Nuclear Regulatory Commission and the Public Service Commission of Wisconsin to complete its previously announced merger with BillerudKorsnäs AB ("BillerudKorsnäs"). Verso has now received all regulatory approvals necessary to complete the merger. The transaction is expected to close on March 31, 2022.

1Q18 HIGHLIGHTS • Strong Results: Adjusted EBITDA² of R$1.5 billion and ROIC of 17.4% • Solid performance in the pulp segment: Adjusted EBITDA²/ton of R$ 1,467/ton (+ 103% vs. 1Q17) • Lower cash costs in LTM: R$573/ton, down 5.3% from LTM 1Q17 • Implementation of price increase and recovery of paper segment: Adjusted EBITDA²/ton of R$ 855/ton (+22% vs. 1Q17) • Investments: announcement of the combination with Fibria’s assets • Tissue: integration of operations with Facepa and segmented results as from 2nd half of 2018 • Financial Solidity: reduction in net debt, with leverage ratio of 1.7x Net Debt/ Adjusted EBITDA (in BRL and USD). Click Read More below for additional information.

Effective with all new and existing orders with confirmed delivery dates of July 1, 2018 or later, Verso Corporation is increasing the transaction price of all Coated Freesheet Web and Coated Groundwood Web grades by 4% to 6%. This includes, but, is not limited to: ArborWeb Plus® web; Sterling® Ultra web; Sterling® Ultra caliper web; Productolith® Pts. web; Publishers Matte®; Publishers ThinBulk®; ArborWeb® web; Influence® web; Focus® web; Liberty® web; Balance® web; New Era® Matte; New Era® ThinBulk. The increase applies to all basis weights, bulks, finishes and related private label grades.