Challenging Markets Harm Mills

Container manufacturer Smurfit-Stone announced it is evaluating Chapter 11. Most believe mill will succeed if the company can raise DIP financing. Smurfit-Stone has about $3.5 billion in outstanding debt, and has been shuttering and restructuring operations, including layoffs, as part of a multi-year plan to improve performance.
I note, AbitibiBowater also highly leveraged, like all other paper mills and is most likely also reviewing restructuring its financing.