A federal judge approved a $75 million tranche of loans Wednesday to keep the company functioning for now. Remington wants $338 million in loans to be approved within the next month, but $75 million is all it gets for now.

Remington secured loan commitments from banks that have already lent money to it, such as Bank of America and Wells Fargo & Co. These banks would of course stand to lose if Remington were to go out of business.

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Foster Positivity.

Unless they change their business model and their leadership VERY SOON - - they are history! Hopefully someone will buy Marlin from them and at least save them.

That 75 mil is a drop in the bucket compoared to what Remington actually has in it debt. MSN said something like 600 plus millons. They keep raising their prices and making their firearms cheaper. Last Remington 700 I bought years back was a Sendero in 308 for less than $600. Even the 40x singleshot with the laminated thumbhole stock Cost me $1100 less than 300 rounds through it when I bought it. Think now it's close 3k. Frank

I often wonder how companies get that far in debt before they figure out that they have a problem. Big business, big expenses I guess. I hope they get it figured out. Hate to see them go under completely.

Remington has not been Remington for a long time now. Remington, and associated brands, have been controlled by the massive Wall Street 'holding' corporation, Cerebus Capital Management.

Corporations like this buy up companies/brands, suck the ever-living blood (profits) out of them and often just throw them by the wayside after they've been milked dry. This is usually done after massive cost cutting via job cuts, factory closings, off-shoring of production, cheapening of products, etc.

The goal is not quality products or longevity, the goal is milking profits up to the holding company's executives. "Consolidation," "efficiency," and "maximizing shareholder value" are euphemisms often used by these types of companies when selling these take overs to the public. Capitalism is awesome. Companies making profits drive our country's growth. But, these types of corporations are at a whole other level, and it is what has been more and more in place over the last generation, much to our detriment.

Who knows where this will all end up in the end, but sad to see. In the end I suspect that Remington, Marlin, and the others will end up as just a brand name that is bought by some other manufacturer. Much like Winchester is today (and Colt, too, I suppose...). Hopefully it will be a good firearms manufacturer and not some other random holding company.

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NRA Life Member

There’s an old saying that the problem with capitalism is capitalists, while the problem with socialism is.....socialism.

I think the problem is public companies. Shareholders and stock values are the priority, rather than customers and quality goods.

I predict Remington will land like Winchester.

Better hang on to your Remington firearms, I believe they will be come collectors items soon!


(You know I am being sassy)

As pointed out in a parallel thread, many of us have great guns made by Remington and it is just sad to see it get into so much trouble. I actually thought that Cerebus was going to be good for Remington. Silly me......

Good point. I don't regard what Cerebus is doing as true capitalism. It is a perverted offshoot of capitalism that I call money manipulation. Under true capitalism, everyone benefits. Under money manipulation, only the money manipulators at the top benefit, while employees and stockholders get it in the neck. Organizations like these give capitalism a bad name. I hope Remington can pull through somehow, but I'm not holding my breath.

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What, me worry?