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Blog — REMINGTON OUTDOOR COMPANY

Remington Begins Chapter 11 Bankruptcy Proceedings

REMINGTON BANKRUPTCY REMINGTON OUTDOOR COMPANY

Remington Begins Chapter 11 Bankruptcy Proceedings

“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.”

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