Remington Arms gets lender consent to buy back some notes

By Sara Rosenberg

New York, Sept. 10 - Remington Arms Co. Inc. received consent from its bank lenders to purchase up to $5 million of its 10½% senior notes due 2011 on or before Dec. 31, according to an 8-K filed with the Securities and Exchange Commission Friday.

Wachovia Bank is the administrative agent and collateral agent on the facility.

The consent agreement was executed on Sept. 8.

Remington is a Madison, N.C., designer, producer and seller of sporting goods products for the hunting, shooting sports and fishing markets.

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