BACKGROUND AND BASIS OF PRESENTATION The accompanying condensed consolidated financial statements for Verso Paper Holdings LLC, a Delaware limited liability company, or  Verso Holdings,  include the accounts of Verso Holdings and its subsidiaries. Verso Paper Finance Holdings LLC, or  Verso Finance,  is our sole member and direct parent. As used in this report, the term  Verso  refers to Verso Corporation; the term  NewPage  refers to NewPage Holdings Inc., a Delaware corporation, which is an indirect, wholly owned subsidiary of Verso pursuant to the Merger Agreement (see below); the term  NewPage Corp  refers to NewPage Corporation, a Delaware corporation, which is an indirect, wholly owned subsidiary of NewPage; and the term for any such entity includes its direct and indirect subsidiaries when referring to the entity s consolidated financial condition or results. Unless otherwise noted, references to  Verso Holdings,   Company,   we,   us,  and  our  refer to Verso Holdings. On January 3, 2014, Verso, Verso Merger Sub Inc., a Delaware corporation and an indirect, wholly owned subsidiary of Verso, or  Merger Sub,  and NewPage entered into an Agreement and Plan of Merger, or the  Merger Agreement,  pursuant to which the parties agreed to merge Merger Sub with and into NewPage on the terms and subject to the conditions set forth in the Merger Agreement, with NewPage surviving the merger as an indirect, wholly owned subsidiary of Verso. On January 7, 2015, Verso consummated the previously announced acquisition of NewPage through the merger of Merger Sub with and into NewPage, or the  NewPage acquisition,  pursuant to the Merger Agreement. As a result of the merger of Merger Sub with and into NewPage, Merger Sub s separate corporate existence ceased and NewPage continued as the surviving corporation and an indirect, wholly owned subsidiary of Verso (see Note 4). As the NewPage acquisition was consummated in the current reporting period, the unaudited condensed consolidated financial statements for the quarter ended