Remington Files for Chapter 11, Cerberus to End Ownership

According to The Wall Street Journal, firearms manufacturer Remington Outdoor has filed for Chapter 11, an anticipated move after it announced its plans to do so in February.

Remington Delays Bankruptcy, Ankura Trust Becomes Agent for Lenders

Bloomberg reported that Remington plans to postpone its bankruptcy filing by a week to March 14, as Bank of America terminated its role as administrative agent for the company’s term loan lenders.

Remington Creditors Looking to Sell After Bankruptcy

Bloomberg reported that the Remington’s creditors are looking for a quick sale after the beleaguered gun company emerges from Chapter 11.