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Colt Defense Announces Financing Agreement with Creditors

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WEST HARTFORD, Conn.--(BUSINESS WIRE)--Colt Defense LLC (“Colt” and the “Company”) announced today that it has entered into a consensual agreement under which Colt’s secured lenders will provide $20 million in debtor in possession credit facilities to allow for ordinary course business operations during the Chapter 11 process. Consistent with the plan announced by the Company earlier this month, the financing provides Colt with adequate liquidity to meet all of its obligations to its customers,

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