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Nat’l – Industry Insider – Remington, the Gun Maker, Is Set to Exit Bankruptcy

NEW YORK TIMES  May 3, 2018 – Remington Outdoor, one of the country’s oldest and largest gun makers, said this week that a bankruptcy judge had approved its reorganization plan, which will transfer ownership of the company to creditors including JPMorgan. After a court hearing in Delaware on Wednesday, Remington said it expected to emerge from Chapter 11 bankruptcy proceedings by the end of the month with more than $775 million in debt wiped from its balance sheet.  [full article]

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