The RSA, subject to certain conditions, represents the commitment of the Company and Consenting Creditors to support a comprehensive restructuring of Remington’s existing funded indebtedness. The balance sheet restructuring will be effectuated through a pre-packaged joint plan of reorganization to be filed in the United States Bankruptcy Court for the District of Delaware in connection with the Company’s filing of voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.
Remington’s business operations will continue to operate in the normal course and will not be disrupted by the restructuring …
Read the full article at: https://www.prnewswire.com/news-releases/remington-outdoor-company-announces-restructuring-support-agreement-with-creditors-for-a-comprehensive-financial-restructuring-and-145-million-of-new-capital-300596970.html