Blog — REMINGTON BANKRUPTCY
Remington Outdoor Company Emerges From Chapter 11 Bankruptcy
Remington REMINGTON BANKRUPTCY REMINGTON OUTDOOR COMPANY
Remington Begins Chapter 11 Bankruptcy Proceedings
REMINGTON BANKRUPTCY REMINGTON OUTDOOR COMPANY
“Holders of the gunmaker’s $550 million term loan will take an 82.5 percent equity stake in Remington while third-lien noteholders get 17.5 percent of the company and four-year warrants for a 15 percent stake. Creditors will also provide a $100 million debtor-in-possession loan to finance operations throughout bankruptcy.”