Tactical Atlas Firearm Blog

Along with a court-approved plan to bring it out of bankruptcy, Colt released projections showing sales growing by $85 million after four fiscal years.

The post Colt paves way out of bankruptcy; releases financial projections appeared first on Guns.com.

Agreement Paves Way for Vote and Emergence by Colt from Chapter 11 by Year-End...

The post Colt Defense Announces Court Approved Disclosure Statement of Reorganization Plan appeared first on AmmoLand.com.

Colt, the iconic Connecticut firearms manufacturer announces its renewed effort to engage top-performing talent in many key areas of the business...

The post Colt Renews Push to Enlist Top Talent appeared first on AmmoLand.com.

Colt has once again partnered with accessory manufacturer Magpul to offer an upgrade to Colt’s popular Magpul Edition of Colt LE6920MPS Rifle ...

The post Colt LE6920MPS Rifle Featuring Magpul MOE SL Furniture appeared first on AmmoLand.com.

Colt secured a $20 million loan that would afford the company to maintain normal business operations during the chapter 11 bankruptcy process.

The post Colt secures $20M loan amid fight among creditors appeared first on Guns.com.

The financing provides Colt with adequate liquidity to meet all of its obligations to its customers, vendors, suppliers and employees during a court-supervised restructuring process...

The post Colt Defense Announces Financing Agreement With Creditors appeared first on AmmoLand.com.

After eight months of living off loans and negotiating with investors to avoid collapse, Colt Defense ultimately bit the bullet and filed for bankruptcy Monday.

The post Colt’s eight-month journey to avoid bankruptcy appeared first on Guns.com.

Colt voluntarily filed petitions for Chapter 11 relief Monday, a process the company says will accelerate the sale of its operations in U.S. and Canada.

The post Breaking: Colt files for Chapter 11 bankruptcy protection appeared first on Guns.com.

Colt Defense LLC has been giving investors two options for payment: accept less lucrative bonds, or rebuild through bankruptcy. But for more than a month investors have quietly picked the latter. Since April the ailing gun maker has been extending the deadline for investors to exchange old notes for new notes. By June 1 the company has […]

The post Ailing Colt revises offer to investors, addresses bankruptcy option appeared first on Guns.com.

Third time’s the charm? Colt Defense extends the deadline for creditors to exchange notes or vote in support of a pre-packaged plan for bankruptcy.

The post Colt hopeful exchange offer will win over investors on third try appeared first on Guns.com.

Standard & Poor’s downgraded both Colt’s debt rating and corporate credit rating to a “D” from “CC,” the rating service said in a statement Tuesday.

The post Colt’s credit rating cut to the lowest possible appeared first on Guns.com.

The plan to exchange old bonds with new ones needs 98 percent of investors to participate, but only a small percent has been accounted for as of last night.

The post Investors not biting at Colt’s offer to exchange bonds appeared first on Guns.com.