U.S. banks provide rescue financing for gunmaker Remington

(Reuters) - U.S. gunmaker Remington Outdoor Co has obtained commitments for nearly $300 million from its existing lenders, including some of the biggest U.S. banks, after new sources of funding dried up in the months leading up to its filing for Chapter 11 bankruptcy. During that time, the company’s investment bank, Lazard Ltd (LAZ.N), approached more than 30 possible lenders, according to court documents. -- More...