Beleaguered Gun Maker Remington Points to Bankruptcy Court

[McFurd]

US News and World Report - 2/12/2018 - AP - Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection. The maker of the Bushmaster AR-15-style rifle used in the Connecticut shooting that left 20 first-graders and six educators dead in 2012, said Monday that the agreement with lenders will reduce its debt by about $700 million and add about $145 million in new capital. Read more @ https://www.usnews.com/news/business/ar ... ptcy-court