The gun maker formally filed for Ch. 11 bankruptcy following weeks of negotiation between the company and lenders that resulted in a pre-packaged restructuring support agreement in which secured creditors will receive equity and trade creditors will be made whole, allowing the company to continue as a going concern. The filing lists assets and liabilities both in the $100 million to $500 million range. The current lenders have agreed to provide DIP financing of up to $193 million and a term loan of $145 million, which will replace Remington’s current capital structure and roll into an ABL exit facility that ... Log in to view full article.