Eliza Ronalds-Hannon and Polly Mosendz with Bloomberg News reported the news that Remington Outdoor Co. will be filing for bankruptcy, using, in my opinion, a leftist slant. The company, which has history back as far as 1816 and received its first contract in 1845 consisting of “manufacturing 5,000 “Mississippi” rifles for the U.S. military”, is no stranger to financial trouble. The Remington name is obviously not going to disappear, but this is still a hit for the company and shareholders. With all the Liberal and “independent thinkers” out there doing all they can to blame guns for shootings that people actually do, the article basically states that people are not panicked about gun availability, and there is no big rush to buy guns with President Trump in office. That is said to have hurt gun manufacturers all over.
Remington’s prepackaged reorganization will be filed with the U.S. Bankruptcy Court in Delaware, according to a statement from the company. Holders of the gunmaker’s $550 million term loan will take an 82.5 percent equity stake in Remington while third-lien noteholders get 17.5 percent of the company and four-year warrants for a 15 percent stake, according to Remington. Creditors will also provide a $100 million debtor-in-possession loan to finance operations throughout bankruptcy.
It’s hard to say what the future holds, and Remington was unavailable to Bloomberg News for comment.
Did You Know MORS Offers Ski Reports?
By angelamontana
Central to Eastern MT Fishing Report 3.3.21
Bighorn River Fishing Report by Fins and Feathers 3.1.21
Advance reservations available in March for Yellowstone National Park visitors at additional campgrounds
By Moosetrack Megan
Forest Service, Vital Ground team up on land and water conservation outside Glacier National Park
How to prepare venison testicles for a snack [VIDEO]
Kevin Costner shares some history and inspiration on Montana
MONTANA HUNTER HARVEST SURVEYS ARE UNDERWAY
Duck vs. Frog [VIDEO]
Do you prefer traditional taxidermy or would you hang this?
The Captain, Downrigger and Brett French take on Fort Peck
Roads in Yellowstone to close for 2021 spring plowing
GVLT 2021 Trail Partner Award to Gallatin County
Upper Salmon River Weekly Steelhead Report 3.1.21
FWP seeks information about vandalism at Nilan Reservoir
FWP REMINDS RECREATIONISTS TO STAY VIGILANT FOR AVALANCHE DANGER
Purchase your fishing license!
Upper Missouri River Management Plan
Did you miss us? Watch The latest Montana Outdoor Radio Show here!
Helena Area Reservoirs Fishing Report 3.1.21
Bull fight! [VIDEO]
FLY SORT!!!
By Montana Grant
SMOKE!!!
The Captain “On Ice” – Listen to Last Weeks Show 2/27/21
By Kamp Cook