Sturm, Ruger Gets Credit Line Amid Controversy
Wells Fargo Bank is providing a $40 million revolving line of credit to the company at 150 basis points over LIBOR, which includes $10 million for letters of credit and expires on Aug. 31, 2019. The agreement is something of a victory for RGR, as a key strategy of anti-gun activists has been lobbying banks not to finance gun makers. Nuns from the Interfaith Center on Corporate Responsibility have been in a ... Log in to view full article.