U.S. banks provide rescue financing for gunmaker Remington

U.S. banks provide rescue financing for gunmaker RemingtonDuring that time, the company’s investment bank, Lazard Ltd , approached more than 30 possible lenders, according to court documents. “The vast majority of lenders contacted, however, indicated they were reluctant to provide financing to firearms manufacturers,” said Lazard banker Ari Lefkovits in the papers. Most of the banks providing the bankruptcy funding were lenders to Remington before its current financial problems, according to court records.



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