Colt Holding Company LLC

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Case overview

Case Number:

1:15-bk-11296

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 24, 2015

    Colt, Creditors Achieve Detente With New $75M DIP

    Colt Defense LLC got the blessing of a Delaware bankruptcy judge Wednesday for $75 million in newly arranged financing that provides the iconic gunsmith with $20 million for its Chapter 11 case and defuses an expected financing duel with bondholders.

  2. June 22, 2015

    Colt Bondholders Object To Speedy Sale Of Gun Maker

    A group of Colt Defense LLC bondholders objected Friday to the gun maker's bid to secure $20 million in bankruptcy financing, saying the arrangement would force a speedy sale to major stakeholder Sciens Capital Management LLC who the bondholders say has fleeced the company.

  3. June 16, 2015

    Colt Poised For Bankruptcy Showdown With Bondholders

    A Delaware bankruptcy judge gave Colt Defense LLC the OK on Tuesday to tap $6 million in stopgap financing from senior lenders, but a major battle is brewing with bondholders that are challenging the trajectory of the debtor's case and will be allowed to present an alternative loan next week.