National Envelope Signs Up Support For $68M DIP, Sale Plan

Law360, Wilmington (July 12, 2013, 7:27 PM EDT) -- Private-equity owned NE Opco Inc., which does business as National Envelope, told a Delaware bankruptcy judge Friday it had reached a global settlement that paves the way for final approval of its $67.5 million debtor-in-possession financing and smooths its path toward a sale.

National Envelope attorney John H. Knight announced the agreement at a hearing in Wilmington, saying the deal negotiated between the debtors, the DIP lender and secured and unsecured creditors puts all the key parties on the same page.

“Today is an important day...
To view the full article, register now.