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Blog — REMINGTON OUTDOOR COMPANY

Remington Outdoor Company Emerges From Chapter 11 Bankruptcy

Remington REMINGTON BANKRUPTCY REMINGTON OUTDOOR COMPANY

Remington Outdoor Company Emerges From Chapter 11 Bankruptcy

  

Significantly Reduced Debt Load and Interest Expense Continued Focus on Revitalization

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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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