Market Overview

Remington Outdoor Company Successfully Emerges from Chapter 11


Significantly Reduced Debt Load and Interest Expense

Continued Focus on Revitalization

Remington Outdoor Company ("Remington" or "the Company"), one of the
world's leading designers and manufacturers of firearms, ammunition, and
related products, announced today that it has emerged from Chapter 11
after successfully implementing its plan of reorganization ("the Plan")
previously confirmed by the Delaware bankruptcy court on May 4, 2018.

The Plan provides a comprehensive balance sheet restructuring of the
Company and converts over $775 million of the Company's debt into
equity. In addition, the Plan provides the Company with a new Asset
Based Loan ("ABL") facility of $193 million, the proceeds of which will
refinance its prior ABL facility in full, a new $55 million First-In,
Last-Out Term Loan and a new $100 million Term Loan. As an integral part
of the Plan, all trade and business claims are unimpaired and will be
addressed in the Company's normal course of business. The Plan received
support from over 97% of the voting Term Loan Lenders and all of the
voting Third Lien Noteholders.

As provided in the Plan, all shares of Remington's common stock issued
prior to the commencement of Remington's bankruptcy proceeding were
cancelled upon emergence, and Remington has issued new shares of common
stock and, in some cases, warrants, to the holders of its previously
outstanding funded debt in return for their allowed claims against
Remington. The term of Remington's previous Board of Directors expired
upon emergence and a new Board of Directors shall be appointed

"It is morning in Remington country," said Anthony Acitelli, Chief
Executive Officer of Remington. Mr. Acitelli continued, "We are excited
about the future – producing quality products, serving our customers,
and providing good jobs for our employees."

Remington's legal counsel is Milbank, Tweed, Hadley & McCloy LLP, its
investment banker is Lazard Freres & Co. LLC, and its financial advisor
is Alvarez & Marsal. The Term Loan Lenders' legal counsel is O'Melveny &
Myers LLP and their investment banker is Ducera Partners LLC with M-III
Advisory Partners, LP also advising the Term Loan Lenders. The Third
Lien Noteholders' counsel is Willkie Farr & Gallagher LLP and their
investment banker is Perella Weinberg Partners LP.


Court filings and claims information may be accessed at

About Remington Outdoor Company

Remington Outdoor Company, headquartered in Madison, N.C., is one of the
world's leading innovator, designer, manufacturer, and marketer of
firearms, ammunition, and related products for the hunting, shooting
sports, law enforcement, and military markets. As one of the largest
manufacturers in the world of firearms and ammunition, we have some of
the most globally recognized brands including Remington, Bushmaster,
DPMS/Panther Arms, Marlin, H&R, Dakota Arms, Parker, AAC, Barnes
Bullets, Storm Lake and Tapco. For more information download the
Remington Outdoor Company Brochure, located on

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