BREAKING: Sciens Default on Loan to Colt, Rocks Bankruptcy Exit

BREAKING: Sciens Default on Loan to Colt, Rocks Bankruptcy Exit

By Nathaniel F

Colt’s exit from bankruptcy has hit a snag: The owners of the company, Sciens Capital Management have defaulted on a $15 million funding commitment to Colt Defense LLC, as part of the company’s exit from bankruptcy. The private equity company agreed to pay the money to help Colt meet its commitments to its lenders, but failed […]

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The post BREAKING: Sciens Default on Loan to Colt, Rocks Bankruptcy Exit appeared first on The Firearm Blog.

Via: The Firearm Blog

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