Vista Outdoor to draw on credit facility to acquire Remington Outdoor

By Taylor Fox

New York, Sept. 28 – Vista Outdoor Inc. plans to use cash on hand and available liquidity under its asset-based revolving credit facility to purchase Remington Outdoor Co, Inc., according to a news release.

Vista Outdoor has agreed to pay a purchase price of $81.4 million for the assets to be acquired, subject to certain customary closing adjustments.

Vista Outdoor is an outdoor sports and recreation products company headquartered in Anoka, Minn.

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