Another Mortal Equity-Backed Fellowship Files For Bankruptcy Protection: This Fourth Dimension It's Remington Outdoor (Né Arms)

It looks similar Cerberus is going to plough the keys over to the creditors.
From The Hill:

Gun maker files for bankruptcy protection: report

Remington Outdoor Co., a major U.S. gun manufacturer, reportedly filed for chapter eleven bankruptcy protection on Sunday.

The company, which is facing mounting debt too lawsuits related to the Sandy Hook Elementary School shooting, announced final calendar month that it would file for bankruptcy, simply delayed doing too thus afterwards the Florida high schoolhouse shooting inwards February, according to the Wall Street Journal.

“We practice non human face this filing to touching on the families’ illustration inwards whatever textile way," an attorney representing Sandy Hook families inwards their conform against the manufacturer said inwards a controversy to The Hill.
Remington reportedly plans to mitt over command of the fellowship to its creditors....MORE

Reuters adds:
Gunmaker Remington files for bankruptcy

...It listed assets inwards the make of $500 1 chiliad one thousand to $1 billion too liabilities inwards the make of $500 1 chiliad one thousand too $1 billion....

So non well-nigh equally large equally Toys R Us or iHeart Media