Remington Seeks Financial Help with Bankruptcy

The following excerpt is from an article that originally appeared on Keep and Bear

In 1816, Eliphalet Remington opened his firearm company in Ilion, New York. For many years, Remington has made many popular hunting and target rifles and shotguns as well as many different calibers of ammunition. Remington is the oldest firearm company in the United States, but that history is now teetering on the brink of bankruptcy or worse.

With slumping gun and ammunition sales, Remington, like many other firearm companies is running into financial trouble. The company missed the payment on a coupon for their debt and is now trying to find enough funding to allow them to file for bankruptcy protection and a way to remain in business.

(Top Breaking News) – Remington Outside Firm Inc, one of the largest U.S. makers of firearms, has reached out to banking companies and credit score investment money in search of financing that will let it to file for individual bankruptcy,

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