Norwood Issues Press Release on Chapter 11 Filing
Norwood has secured an extension of its existing revolving credit line to avoid any disruption to the business. Additionally, Aurora Resurgence has secured financing in support of the sale from a unit of Wells Fargo & Company (NYSE: WFC).
“Norwood has come a long way in a relatively short period of time,” Lage said. “Every one of our associates should be proud of the Company’s achievements and confident in Norwood’s future.”
Norwood Promotional Products is an industry leading supplier of imprinted promotional products. The company offers nearly 5,000 products and is a market leader in several of the industry’s major product categories. Norwood also offers hundreds of products on 24-Hour service at no extra charge.
For more information on Norwood, visit www.norwood.com.