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Bertsllc

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Bertsllc

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Saturday, 06/20/2015 9:08:35 PM

Saturday, June 20, 2015 9:08:35 PM

Post# of 41181
Colt Defense Files for Chapter 11 Bankruptcy Protection

Gun maker Colt Defense LLC said late Sunday it is filing for chapter 11 bankruptcy-court protection, amid business-execution issues and a heavy debt burden.

The company has secured $20 million in financing from its existing senior lenders to continue operating while in bankruptcy and expects to remain in business after the restructuring.

http://www.wsj.com/articles/colt-defense-to-file-for-chapter-11-bankruptcy-protection-by-monday-1434310925


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