Mar 13, 2018

Remington again delays bankruptcy filing

Dan Primack, author of Pro Rata

Photo by Scott Olson/Getty Images

Firearms manufacturer Remington has delayed its planned Chapter 11 bankruptcy filing for a second time, now extending the deadline from tomorrow to Sunday.

  • Details: The original postponement came earlier in the month, when Remington also said that Ankura Trust had replaced BofA Merrill Lynch as the restructuring's term loan agent. It is unclear if the agent change related to BofA's pledge to reexamine its gun-maker relationships, in the wake of Parkland. No changes accompanied the new delay announcement.
  • Go deeper: What happened to Remington?

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