FRISCO, TX | National Envelope secured more than $65 million in DIP (Debtor In Possession) financing and saw a strong outpouring of support from business partners after filing for Chapter 11 bankruptcy protection recently and obtaining court approval of first day motions.
The company reports it has no plans to close any facilities or conduct layoffs, and it is continuing operations and conducting business as usual. With several interested potential buyers, the company is anticipating a smooth sale process.