Colt Defense: More Financial Problems
By Nathaniel F
Following right on the heels of Colt Defense narrowly avoiding default on its loans, Colt Defense announced it may miss its May 2015 high yield bond payment. Forbes reports: Colt Defense may not have sufficient cash or availability under its credit agreement to meet the May 15, 2015 interest payment for its 8.75% senior notes, the […]
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