Remington gets $75 million lifeline [CNN]
Sturm, Ruger & Company, Inc. (RGR)
Last sturm, ruger & company, inc. earnings: 2/21 05:05 pm
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Source: CNN
Remington gets $75 million lifeline A federal judge approved $75 million worth of loans to Remington so the company can keep making guns as it works through bankruptcy, according to court documents. The firearms company filed for Chapter 11 bankruptcy protection earlier this week after more than 200 years in business . The loan will allow Remington to continue pursuing a deal to cut as much as $620 million in debt. The company succumbed to a plunge in demand for guns that has dragged down the industry. Remington has asked for loans totaling $338 million to be approved by April 29, but only a portion has been approved so far. The $75 million loan approved on Tuesday is the "interim amount to get them through the interim period until they get to that final hearing on the additional amount that they're going to need," said Sarah Foss, legal analyst at Debtwire. Founded in New York in 1816, Remington is one of the oldest gunmakers in America, and one of the most iconic gun brands in the w
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News
- Sturm, Ruger & Company, Inc. (NYSE:RGR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sturm, Ruger & Company, Inc. Reports First Quarter Diluted Earnings of 40¢ Per Share and Declares Quarterly Dividend of 16¢ Per ShareBusiness Wire
- Sturm, Ruger & Company, Inc. to Report First Quarter Results and File Quarterly Report on Form 10-Q on Tuesday, May 7Business Wire
- Is Sturm, Ruger & Company, Inc.'s (NYSE:RGR) Recent Performance Tethered To Its Attractive Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Sturm, Ruger & Company, Inc. to Report First Quarter 2024 Financial Results on Tuesday, May 7Business Wire
RGR
Sec Filings
- 5/8/24 - Form 8-K
- 5/7/24 - Form 8-K
- 5/7/24 - Form 10-Q
- RGR's page on the SEC website