Remington Outdoors is owned and controlled by Cereberus Capital, a private equity and capital investment firm.
Under what possible scenario would a private equity capital firm allow one of it's investments to go "bankrupt" ......... and which "creditor" do you think is going to call in it's debt and allow it's investment to default?
I would suggest that Cereberus may have done this a time or two before as they specialise in addressing distressed organisations.
It's more likely they will be hunting for another dance partner like Browning or someone like that so they can exchange shares and continue to do what they do, use investors cash to grow wealth through bailing out distressed companies in exchange for buying/trading into organisation with strong fundamentals.
The fact that Remington, as an operating company, took loans brokered through them just shows you what a snake does when you exhale.
Private Equity + Capital Management = the perfect trap.
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