Verso Paper (VRS +22.4%) soars for the second straight day after announcing a $345M debt...

|About: Verso Corporation (VRS)|By:, SA News Editor

Verso Paper (VRS +22.4%) soars for the second straight day after announcing a $345M debt offering, as well as lender commitments for $200M in new credit facilities. Verso, which is struggling to deal with major losses and a heavy debt load, intends to use the proceeds to redeem high-interest debt. Shares have now more than doubled since the news was announced.