Records from the bankruptcy court of the district of Delaware show that the company filed late Sunday.
Remington had in February reached a deal with lenders to reduce its debt by about $700 million and add about $145 million in new capital. But that only bought time for it to seek Chapter 11 bankruptcy protection.
Remington makes the Bushmaster AR-15-style rifle that was used in the Sandy Hook shooting in Connecticut that left 20 first-graders and six educators dead in 2012. The company was cleared of wrongdoing in the shooting, but investors distanced themselves from the company's owner, investor Cerberus Capital Management.
------
Send a News Tip to Action News
Learn More About 6abc Apps