Exhibit 10.2 NewPage - Executed ABL Agreement

Loans to the Borrower, on behalf of all Lenders, which the Administrative Agent, in its
Permitted Discretion, deems necessary or desirable (i) to preserve or protect the Collateral, or
any portion thereof, (ii) to enhance the likelihood of, or maximize the amount of, repayment of
the Loans and other Obligations, or (iii) to pay any other amount chargeable to or required to be
paid by the Borrower pursuant to the terms of this Agreement, including payments of
reimbursable expenses (including costs, fees, and expenses as described in Section 10.03) and
other sums payable under the Credit Documents (any of such Loans are herein referred to as
“Protective Advances”); provided that, the aggregate amount of Protective Advances outstanding
at any time shall not at any time exceed 5.0% of the aggregate Commitments then in effect and
no Protective Advance shall remain outstanding for more than thirty (30) consecutive Business
Days after the date made; provided further that, the aggregate amount of outstanding Protective
Advances plus the Aggregate Revolving Exposure shall not exceed the aggregate Commitments.
Protective Advances may be made even if the conditions precedent set forth in Section 3.02 have
not been satisfied. The Protective Advances shall be secured by the Liens in favor of the
Administrative Agent in and to the Collateral and shall constitute Obligations hereunder. All
Protective Advances shall be ABR Borrowings. The Administrative Agent’s authorization to
make Protective Advances may be revoked at any time by the Required Lenders. Any such
revocation must be in writing and shall become effective prospectively upon the Administrative
Agent’s receipt thereof. At any time that there is sufficient Availability and the conditions
precedent set forth in Section 3.02 have been satisfied, the Administrative Agent may request the
Lenders to make a Revolving Loan to repay a Protective Advance. At any other time the
Administrative Agent may require the Lenders to fund their risk participations described in
Section 2.04(b).
(b) Upon the making of a Protective Advance by the Administrative Agent (whether
before or after the occurrence of a Default), each Lender shall be deemed, without further action
by any party hereto, to have unconditionally and irrevocably purchased from the Administrative
Agent, without recourse or warranty, an undivided interest and participation in such Protective
Advance in proportion to its Applicable Percentage. From and after the date, if any, on which
any Lender is required to fund its participation in any Protective Advance purchased hereunder,
the Administrative Agent shall promptly distribute to such Lender, such Lender’s Applicable
Percentage of all payments of principal and interest and all proceeds of Collateral received by the
Administrative Agent in respect of such Protective Advance.
SECTION 2.05 Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from time to time
during the Availability Period, in an aggregate principal amount at any time outstanding that will
not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding
$30,000,000 or (ii) the sum of the Aggregate Revolving Exposures exceeding the lesser of the
aggregate Commitments and the Borrowing Base; provided that the Swingline Lender shall not
be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the
foregoing limits and subject to the terms and conditions set forth herein, the Borrower may
borrow, prepay and reborrow Swingline Loans. To request a Swingline Loan, the Borrower shall
notify the Administrative Agent of such request by telephone (confirmed by facsimile), not later
than 2 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice
shall be irrevocable and shall specify the requested date (which shall be a Business Day) and
amount of the requested Swingline Loan. The Administrative Agent will promptly advise the
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