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Remington to emerge from bankruptcy this month

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Remington Outdoor Co. announced it will emerge from bankruptcy this month.

The company reported a U.S. bankruptcy court confirmed its reorganization plan and agreed to cancel $775 million worth of debt while honoring trade and business claims.

Remington would emerge from bankruptcy with a new asset-based loan facility of $193 million, as well as $155 million in other financing.

Read more from the Triad Business Journal.

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