BofA May Exit Remington Loan to Honor Pledge

Reuters reported Bank of America hinted it may exit the Remington Outdoor post-petition loan syndicate to honor its pledge to stop financing civilian assault weapons.

BofA Supports Remington Restructuring

Remington Outdoor reached a restructuring support agreement with creditors holding a majority of the FGI Operating Company term loans due in 2019. Bank of America, as administrative agent, reached a forbearance agreement with the company for the term B loans.