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Colt Noteholders Defend $75M DIP From Sciens Attack

By Jonathan Randles ( July 9, 2015, 5:22 PM EDT) -- A group of Colt Defense LLC senior noteholders on Wednesday defended a $75 million bankruptcy financing package for the gun maker opposed by majority stakeholder Sciens Capital Management LLC, saying the arrangement provides Colt badly needed liquidity while keeping the debtor's sales options open. . . .

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