UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 7, 2006
NEWPAGE CORPORATION
Courthouse Plaza Northeast
Dayton, Ohio 45463
877.855.7243
State of Incorporation: Delaware
Commission File No.: 333-125952
IRS Employer Identification No.: 05-0616156
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement
On June 7, 2006 Rumford Falls Power Company and Rumford Paper Company, wholly-owned subsidiaries of the Registrant, entered into an Amendment No. 1 to the Asset Purchase Agreement with Brookfield Power Inc. (formerly known as Brascan Power, Inc.) to sell two hydroelectric generating facilities located on the Androscoggin River in Rumford, Maine. The amendment addressed certain closing issues.
Item 2.01 Completion of Acquisition or Disposition of Assets
On June 8, 2006, Rumford Falls Power Company completed the previously announced sale of the two hydroelectric generating facilities for a cash sales price of $144 million. The Registrant plans to invest the proceeds in its business or use the proceeds to repay indebtedness, or both, in accordance with the terms of the Registrant’s debt instruments.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
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| 10.1 | | Amendment No. 1 to Asset Purchase Agreement dated June 7, 2006, between Brookfield Power Inc., Rumford Falls Power Company and Rumford Paper Company |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | NEWPAGE CORPORATION |
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| Date: June 12, 2006 | | By: | | /s/ Matthew L. Jesch |
| | | | Matthew L. Jesch |
| | | | Vice President and Chief Financial Officer |
