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Colt Defense: More Financial Problems

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Colt Defense Large_Colt Defense LLCFollowing right on the heels of Colt Defense narrowly avoiding default on its loans, Colt Defense announced it may miss its May 2015 high yield bond payment. Forbes reports: Colt Defense may not have sufficient cash or availability under its credit agreement to meet the May 15, 2015 interest payment for its 8.75% senior notes, the […]

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