<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-01-08</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001578086</issuerCik>
        <issuerName>NewPage Holdings Inc.</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001422713</rptOwnerCik>
            <rptOwnerName>Centerbridge Credit Partners, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>375 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>12TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10152</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <officerTitle></officerTitle>
            <otherText>SEE FOOTNOTES</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001484833</rptOwnerCik>
            <rptOwnerName>Centerbridge Credit Partners General Partner, L.P.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>375 PARK AVENUE, 12TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10152</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001584682</rptOwnerCik>
            <rptOwnerName>Centerbridge Credit GP Investors, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>375 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>12TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10152</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001426126</rptOwnerCik>
            <rptOwnerName>Gallogly Mark T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>375 PARK AVENUE, 12TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10152</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001425800</rptOwnerCik>
            <rptOwnerName>Aronson Jeffrey</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>375 PARK AVENUE, 12TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10152</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2014-01-08</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>160000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>122</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>896892</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2014-01-13</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>50000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>123</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>946892</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">After the specified transaction, the shares of common stock of NewPage Holdings Inc. (&quot;Common Stock&quot;) were directly owned as follows: (i) 235,180 shares of Common Stock directly owned by Centerbridge Credit Partners, L.P. (&quot;CCP&quot;); (ii) 350,320 shares of Common Stock directly owned by Centerbridge Credit Partners Master, L.P. (&quot;CCPM&quot;); (iii) 189,756 shares of Common Stock directly owned by Centerbridge Special Credit Partners, L.P. (&quot;CSCP&quot;); (iv) 48,164 shares of Common Stock directly owned by Centerbridge Credit Partners TE Intermediate I, L.P. (&quot;CCPTE&quot;); and (v) 73,472 shares of Common Stock directly owned by Centerbridge Special Credit Partners II, L.P. (&quot;CSCP II&quot; and, together with CCP, CCPM, CSCP and CCPTE, the &quot;Centerbridge Funds&quot;).</footnote>
        <footnote id="F2">After the specified transaction, the shares of Common Stock were directly owned as follows: (i) 246,862 shares of Common Stock directly owned by CCP; (ii) 350,320 shares of Common Stock directly owned by CCPM; (iii) 189,756 shares of Common Stock directly owned by CSCP; (iv) 62,830 shares of Common Stock directly owned by CCPTE; and (v) 97,124 shares of Common Stock directly owned by CSCP II.</footnote>
        <footnote id="F3">Centerbridge Credit GP Investors, L.L.C. (&quot;CCGPI&quot;) is the general partner of Centerbridge Credit Partners General Partner, L.P., which is the general partner of CCP and CCPTE. Centerbridge Credit Offshore GP Investors, L.L.C. (&quot;CCOGP&quot;) is the general partner of Centerbridge Credit Partners Offshore General Partner, L.P., which is the general partner of CCPM. Centerbridge Special GP Investors, L.L.C. (&quot;CSGPI&quot;) is the general partner of Centerbridge Special Credit Partners General Partner, L.P., which is the general partner of CSCP. Centerbridge Special GP Investors II, L.L.C (&quot;CSGPI II&quot;) is the general partner of Centerbridge Special Credit Partners General Partner II, L.P., which is the general partner of CSCP-II. Mark T. Gallogly and Jeffrey H. Aronson are the managing members of CCGPI, CCOGP, CSGPI and CSGPI II. Mark T. Gallogly and Jeffrey H. Aronson each disclaim beneficial ownership of the shares of Common Stock beneficially owned by the Centerbridge Funds.</footnote>
    </footnotes>

    <remarks>Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein. The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Persons are the beneficial owners of any securities reported herein.</remarks>

    <ownerSignature>
        <signatureName>Centerbridge Credit Partners, L.P., By: Centerbridge Credit Partners General Partner, L.P., its general partner, By: Centerbridge Credit GP Investors, L.L.C., its general partner, By: /s/ Jeffrey H. Aronson, Authorized Signatory</signatureName>
        <signatureDate>2014-01-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Centerbridge Credit Partners General Partner, L.P., By: Centerbridge Credit GP Investors, L.L.C., its general partner, By: /s/ Jeffrey H. Aronson, Authorized Signatory</signatureName>
        <signatureDate>2014-01-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Centerbridge Credit GP Investors, L.L.C., By: /s/ Jeffrey H. Aronson, Authorized Signatory</signatureName>
        <signatureDate>2014-01-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Mark T. Gallogly</signatureName>
        <signatureDate>2014-01-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>By: /s/ Jeffrey H. Aronson</signatureName>
        <signatureDate>2014-01-13</signatureDate>
    </ownerSignature>
</ownershipDocument>
