YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Gunmaker Remington to file for bankruptcy

Posted online

U.S. gunmaker Remington Outdoor Co. announced it will file for Chapter 11 bankruptcy.

"Difficult industry conditions make today's agreement prudent," said Jim Geisler, Remington's executive chairman, in a statement released by the company on Monday.

Through the restructuring, Remington wants to cut its debt by $700 million and put $145 million in new capital into its business units.

Read more from MarketWatch.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

From the Ground Up: Latoka Flats

C. Arch Bay Co. is growing its multifamily residential portfolio with a two-building, 16-unit complex across National Avenue from Mercy Hospital Springfield.

Most Read
SBJ.net Poll
How will the passage of a minimum wage increase through Proposition B affect your hiring practices?

View results