Salus Capital Closes DIP Facility for National Envelope
June 18, 2013
Salus Capital Partners has agented a $67.5 million debtor-in-possession facility to NE Opco (dba National Envelope). National Envelope manufactures commodity, proprietary and specialty envelopes. The financing will be used for working capital as it operates under Chapter 11 bankruptcy protection. Salus Capital provides secured asset-based loans to the middle market across several industries.