Remington Arms Co., Inc., an indirect wholly owned subsidiary of Freedom Group, Inc., intends to redeem all of its outstanding $200 million 10½% Senior Notes due 2011.
Remington has issued a notice of redemption pursuant to the indenture for the Notes stating that it intends to redeem all of the Notes on August 7, 2009 at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest thereon to the Redemption Date . The redemption of the Notes is conditioned upon Remington receiving sufficient funds prior to the Redemption Date from one or more financings and/or borrowings to pay the aggregate Redemption Payment.
