YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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