With nearly $1 billion in debt and credit agencies warning that their capital structure is “unsustainable”, firearms and ammunition manufacturing giant Remington is looking for financing to fund business operations during bankruptcy proceedings. An exclusive report from the news agency Reuters also states that Remington’s sales dropped 27% in the first nine months of 2017 resulting in a $28M operating loss.
http://www.thefirearmblog.com/blog/2018/02/08/remington-financing-bankruptcy/