Colt Pushes Back Bondholder Showdown
06/23/15
- Rifles sit on display in the Colt’s Manufacturing Co. booth on the exhibition floor of the 144th National Rifle Association (NRA) Annual Meetings and Exhibits at the Music City Center in Nashville, Tennessee, on Saturday, April 11.
- Daniel Acker/Bloomberg News
Gun maker Colt Defense LLC has pushed back until Wednesday a planned showdown with bondholders that are offering what they say is a superior financing package to get the company through bankruptcy. The Wall Street Journal has the Daily Bankruptcy Review article here.
(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)
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Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa
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