DAYTON, Ohio, April 7 -- NewPage Corporation today announced an initial debt financing plan that is intended to provide it with net proceeds that, together with a cash equity contribution of $415 million from an affiliate of Cerberus Capital Management, will enable it to purchase the coated paper and carbonless paper manufacturing assets of MeadWestvaco Corporation. The financing plan includes the following components: * Placement of $1.1 billion of senior secured credit facilities, consisting of a five-year, $350 million asset-based revolving credit facility and a six-year, $750 million term loan credit facility. * Issuance of approximately $500 million of seven-year second lien senior secured loans and notes, and * Issuance of approximately $400 million of eight-year senior subordinated notes. NewPage expects to complete the financings during April, subject to market conditions. Amounts and terms provided are indicative, but may change. The company will offer the senior notes and senior subordinated notes in a private placement pursuant to Rule 144A and Regulation S of the Securities Act of 1933, as amended. There can be no assurance that any of the contemplated transactions will be consummated or that the financing plan will be consummated in its entirety.