Cerberus-backed gunmaker gets loan as bankruptcy looms
February 13, 2018
Commercial Products | Madison, NC
Remington Outdoor (fka Freedom Group) has reportedly struck a deal with lenders that will reduce its debt by $700 million and include a $145 million investment, allowing the manufacturer of guns and ammunition to operate while it files for Chapter 11 bankruptcy protection. Cerberus Capital Management has backed Remington since 2007.