MADISON, N.C., May 14 /PRNewswire/ -- Remington Arms Company, Inc. (the
"Company") announced today that it has extended the early consent date for
the consent solicitation that the Company commenced on May 1, 2007 (the
"Consent Solicitation") relating to the $200,000,000 principal amount of
its 10 1/2% Senior Notes due 2011 (CUSIP No. 759576AE1) (the "Notes") to
5:00 p.m., New York City time, May 15, 2007 (the "New Early Consent Date").
As extended, if all conditions to the Consent Solicitation are
satisfied, holders of Notes who validly deliver their consents pursuant to
the Consent Solicitation by the New Early Consent Date (and do not validly
revoke their consents by the date the supplemental indenture containing the
amendments to the Indenture is executed) will be paid the early consent fee
of $5.00 for each $1,000 principal amount of Notes held in respect of which
a consent has been delivered. All other terms of the Consent Solicitation
remain unchanged.
Credit Suisse Securities (USA) LLC is serving as the exclusive
Solicitation Agent for the Consent Solicitation. The Information Agent is
D.F. King & Co., Inc. Any questions or requests for assistance or
additional copies of documents may be directed to the Information Agent
toll free at (800) 431-9633 (banks and brokers call collect at (212)
269-5550).
This news release does not constitute an offering of Notes or any other
security of the Company or any solicitation to purchase or sell any
securities, or a solicitation of consents with respect to any securities,
including, without limitation, the Notes. The Consent Solicitation is being
made only by means of the Consent Solicitation Statement dated May 1, 2007.
About Remington Arms Company, Inc.
Remington Arms Company, Inc., headquartered in Madison, N.C., designs,
produces and sells sporting goods products for the hunting and shooting
sports markets, as well as solutions to the military, government and law
enforcement markets. Founded in 1816 in upstate New York, the Company is
one of the nation's oldest continuously operating manufacturers. The
Company is the only U.S. manufacturer of both firearms and ammunition
products and one of the largest domestic producers of shotguns and rifles.
The Company distributes its products throughout the U.S. and in over 55
foreign countries. More information about the Company can be found at
http://www.remington.com.
Forward-Looking Statements
This press release may include "forward-looking statements" within the
meaning of federal securities laws. Forward-looking statements give the
Company's current expectations or forecasts of future events. These
forward- looking statements include expectations regarding (i) the terms
and conditions of the proposed Consent Solicitation and (ii) the timing of
the proposed Consent Solicitation. The Company cautions that these
statements are qualified by important factors that could cause actual
results to differ materially from those reflected by such forward-looking
statements. Such factors include the demand for the Company's products, the
Company's growth opportunities, and other risks detailed from time to time
in the Company's reports filed with the SEC, including its Annual Report on
Form 10-K for the fiscal year ended December 31, 2006.
The Company assumes no obligation to update publicly such
forward-looking statements, whether as a result of new information, future
events or otherwise.
SOURCE Remington Arms Company, Inc.
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Related links:
http://www.remington.com/
CONTACT:
Kimberly Brown of Remington Arms Company,
+1-336-548-8512, kim.brown@remington.com
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