BACKGROUND AND BASIS OF PRESENTATION Within our organization, Verso Corporation , formerly named Verso Paper Corp., is the ultimate parent entity and the sole member of Verso Paper Finance Holdings One LLC, which is the sole member of Verso Paper Finance Holdings LLC, which is the sole member of Verso Paper Holdings LLC. As used in this report, the term  Verso  refers to Verso Corporation; the term  Verso Finance  refers to Verso Paper Finance Holdings LLC; the term  Verso Holdings  refers to Verso Paper Holdings LLC; the term  NewPage  refers to NewPage Holdings Inc., an indirect, wholly owned subsidiary of Verso; the term  NewPage Corp  refers to NewPage Corporation, 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,   we,   us,  and  our  refer collectively to Verso Corporation and Verso Holdings. Other than Verso s common stock transactions, Verso Finance s debt obligation and related financing costs and interest expense, Verso Holdings  loan to Verso Finance, and the debt obligation of Verso Holdings  consolidated variable interest entity to Verso Finance, the assets, liabilities, income, expenses and cash flows presented for all periods represent those of Verso Holdings in all material respects. Unless otherwise noted, the information provided pertains to both Verso and Verso Holdings. This report contains the Unaudited Condensed Consolidated Financial Statements of Verso and Verso Holdings as of September 30, 2015 , and for the three-month and nine-month periods ended September 30, 2015 and 2014 . The December 31, 2014 , Unaudited Condensed Consolidated Balance Sheet data was derived from audited financial statements but it does not include all disclosures required annually by accounting principles generally accepted in the United States of America, or  GAAP.  In the opinion of Management, the accompanying Unau