Remington Arms is searching for financing to allow the firm to file for bankruptcy protection. Remington has been trying to restructure its $950 million debt load ahead of a $550 million term loan maturing next year.
Remington’s sales for the first nine months of last year were down 27% and the company posted an operating loss of $28 million during that period.
Remington’s sales for the first nine months of last year were down 27% and the company posted an operating loss of $28 million during that period.