May 17, 2018 / 3:36 PM / in 5 months

BRIEF-Remington Outdoor Company Successfully Emerges From Chapter 11

Remington Outdoor Company Inc:

* REMINGTON OUTDOOR COMPANY SUCCESSFULLY EMERGES FROM CHAPTER 11

* REMINGTON OUTDOOR COMPANY INC - EMERGED FROM CHAPTER 11

* REMINGTON OUTDOOR - PLAN PROVIDES A BALANCE SHEET RESTRUCTURING OF COMPANY AND CONVERTS OVER $775 MILLION OF COMPANY’S DEBT INTO EQUITY

* REMINGTON OUTDOOR - EMERGED FROM CHAPTER 11 AFTER IMPLEMENTING PLAN OF REORGANIZATION CONFIRMED BY DELAWARE BANKRUPTCY COURT ON MAY 4, 2018

* REMINGTON OUTDOOR - PLAN RECEIVED SUPPORT FROM OVER 97% OF VOTING TERM LOAN LENDERS & ALL OF VOTING THIRD LIEN NOTEHOLDERS

* REMINGTON OUTDOOR - PLAN PROVIDES CO WITH A NEW ABL FACILITY OF $193 MILLION, NEW $55 MILLION FIRST-IN, LAST-OUT TERM LOAN AND A NEW $100 MILLION TERM LOAN.

* REMINGTON OUTDOOR COMPANY INC - ALL TRADE & BUSINESS CLAIMS ARE UNIMPAIRED AND WILL BE ADDRESSED IN COMPANY’S NORMAL COURSE OF BUSINESS

* REMINGTON OUTDOOR -TERM OF REMINGTON’S PREVIOUS BOARD OF DIRECTORS EXPIRED UPON EMERGENCE, NEW BOARD OF DIRECTORS SHALL BE APPOINTED IMMEDIATELY Source text for Eikon: Further company coverage:

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