EXECUTION VERSION
Exhibit 10.1
$485,000,000
CREDIT AGREEMENT
Dated as of August 1, 2006,
Among
VERSO PAPER FINANCE HOLDINGS LLC,
VERSO PAPER HOLDINGS LLC,
as Borrower,
THE LENDERS PARTY HERETO,
CREDIT SUISSE, CAYMAN ISLANDS BRANCH,
as Administrative Agent,
LEHMAN BROTHERS INC.,
as Syndication Agent,
CITIGROUP GLOBAL MARKETS INC.
and
BANC OF AMERICA SECURITIES LLC,
as Co-Documentation Agents
CREDIT SUISSE SECURITIES (USA) LLC,
and
LEHMAN BROTHERS INC.,
as Joint Bookrunners
CREDIT SUISSE SECURITIES (USA) LLC
and
LEHMAN BROTHERS INC.
as Co-Lead Arrangers
TABLE OF CONTENTS
ARTICLE I
Definitions
SECTION 1.01. Defined Terms
1
SECTION 1.02. Terms Generally
48
SECTION 1.03. Effectuation of Transfers
48
SECTION 1.04. Exchange Rates; Currency Equivalents
48
ARTICLE II
The Credits
SECTION 2.01. Commitments
49
SECTION 2.02. Loans and Borrowings
49
SECTION 2.03. Requests for Borrowings
50
SECTION 2.04. Swingline Loans
51
SECTION 2.05. Letters of Credit
52
SECTION 2.06. Funding of Borrowings
58
SECTION 2.07. Interest Elections
58
SECTION 2.08. Termination and Reduction of Commitments
59
SECTION 2.09. Repayment of Loans; Evidence of Debt
60
SECTION 2.10. Repayment of Term Loans and Revolving Facility Loans
61
SECTION 2.11. Prepayment of Loans
63
SECTION 2.12. Fees
64
SECTION 2.13. Interest
65
SECTION 2.14. Alternate Rate of Interest
66
i
TABLE OF CONTENTS
ARTICLE I
Definitions
SECTION 1.01. Defined Terms
1
SECTION 1.02. Terms Generally
48
SECTION 1.03. Effectuation of Transfers
48
SECTION 1.04. Exchange Rates; Currency Equivalents
48
ARTICLE II
The Credits
SECTION 2.01. Commitments
49
SECTION 2.02. Loans and Borrowings
49
SECTION 2.03. Requests for Borrowings
50
SECTION 2.04. Swingline Loan