Tactical Atlas Firearm Blog

The hiring push is part of the iconic gun maker's plan to rebuild once it wipes out $350 million of debt owed to creditors, chiefly bondholders.

The post Amid bankruptcy, Colt to fill more than a dozen positions appeared first on Guns.com.

Colt’s unionized workforce is asking Connecticut to give financial support to the company, which is currently funding with creditors in bankruptcy court.

The post Colt union asks for state bailout amid bankruptcy appeared first on Guns.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 intends for the sale to ensure a smooth and swift transition of the business with all of its iconic brands, products, and operations...

The post Colt Defense Files Chapter 11, Announces Fast Track Restructuring appeared first on AmmoLand.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.

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.

Colt Defense extended the deadline today for bondholders to decide to either accept or reject a plan that would change the rate of bonds issued by the ailing gun maker.

The post Only 5% of bondholders joined Colt’s exchange plan, company extends deadline appeared first on Guns.com.

More bad news for the ailing gun maker Colt as the company nears the deadline for bankruptcy, it may have to give up on its Florida home.

The post Colt willing to end agreement with Osceola County appeared first on Guns.com.