Remington Outdoor Files Chapter 11 in Delaware with $338 Million DIP Loans

Monday, 26 March 2018 03:29
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Remington Outdoor Co. and certain of its affiliates filed for Chapter 11 bankruptcy protection Sunday evening in Delaware bankruptcy court.

The bankruptcy filing was required under a Restructuring Support Agreement with a group of lenders.

On Friday, Remington announced that the company and its affiliate FGI Operating Company, LLC, have entered into yet another amendment to the RSA that extended the time for the Company to file for Chapter 11 to March 25.

Remington also said it has entered into commitment letters with various lenders with respect to:

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