Norwood Issues Press Release on Chapter 11 Filing
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”We will continue to purchase inventory and take and ship orders under normal schedules, so it is business as usual. Customers will receive the same high quality products and prompt service to which they are accustomed,” says Lage.
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).
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