Remington Arms plans to call $200 million 10½% senior notes

By Jennifer Chiou

New York, July 8 - Remington Arms Co. Inc. announced that it intends to redeem all of its $200 million of 10½% senior notes due 2011.

The notes will be redeemed at par plus accrued interest on Aug. 7.

The redemption is conditioned on Remington receiving sufficient funds from one or more financings.

Remington is a Madison, N.C.-based designer, producer and seller of sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. It is an indirect wholly owned subsidiary of Freedom Group, Inc.

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