Apollo Global Management, Avenue Capital Group and some other investors hold more than half of NewPage's $805 million in so-called second-lien notes, which place their holders second in line in the case of bankruptcy or default. The notes fell more than 20% Thursday after the company posted an $88 million quarterly loss. They were trading at less than half their face value Thursday, according to MarketAxess.http://online.wsj.com/article/SB1000142405274870468190457631...
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