Remington

Remington Set to Emerge from Bankruptcy

Creditors Take Ownership, Day-to-Day Business to Remain Undisrupted

We had been hearing rumors about the imminent demise of Remington Outdoor Company for some time before it was officially announced in March. Many were unsurprised at the news given the changes made in management, product lines, and customer support over the past several years, but it was tough to see the two-century old “Big Green” circling the drain.

“Fake News” sources cited fallout from lawsuits surrounding the Sandy Hood killings in Newtown as one of the driving factors behind Remington’s problems, despite broad protections for manufacturers. More likely, the money troubles stem from product recalls, failed product launches, and slumping sales of the few new product lines that did launch.

Before a federal judge yesterday, Remington Outdoor Company Inc gained approval for its reorganization plan – which was largely completed at the time of the original filing – that intends to cut debt and boost their cash position and cancel over $775 million of their debt. The company says that the plan was supported by more than 98% of voting Term Loan Lenders and all voting Third Lien Noteholders.

Remington plans to exit bankruptcy as early as this month, with some of its creditors, including JPMorgan Chase and Franklin Advisors receiving ownership stakes in the company in exchange for forgiving debt with Cerberus Capital Management abandoning their equity in the company.

As a result of the deal Remington will take on a new Asset Based Loan of $193 million which will fully refinance the current ABL, as well as a $55 million First-In, Last-Out Term Loan and a new $100 million Term Loan.

2018 SHOT Show Range Day Round Up

GunLink-SHOT18_0062The GunLink team spent the day before the official opening of SHOT Show 2018 walking the grounds of the Boulder City Pistol and Rifle Club, where we were able to handle many new firearms from well known, big name manufacturers as well as new companies trying to get their name out there. While many companies had completely new weapons, it still seems that the firearm industry is leaning towards “high-end” modifications of existing platforms. Some of the offerings were fairly innovative, showcasing the fruits of lengthy R&D processes while others made small improvements on existing platforms to enhance the shooting experience.

Franklin Armory Reformation
GunLink-SHOT18_001Some of the biggest buzz at SHOT Show Industry Day at the Range surrounded Franklin Armory’s new Reformation line. Franklin kicked off the hubbub a couple of weeks ago with a mysterious press release boasting a new AR15 with an 11.5″ barrel and a Magpul SL stock. Big deal, right? We’ve all seen SBRs before. The catch was that Franklin Armory said that the Reformation was not a rifle (or a shotgun) and, despite the diminutive size coupled with a regular stock, is not subject to NFA regulations or taxes.

After picking our way through the crowd gathered around the Franklin shooting bay, we got some trigger time on the display model, outfitted with the short barrel, adjustable Magpul stock, Franklin’s BFSIII binary trigger, and magazines loaded with standard 5.56 ammo. Taken together, this blew many of the theories about how it escaped NFA purview, but the company reps wouldn’t give out any more details until tomorrow’s press conference at their booth on the show floor.

Mag-Fed Shotguns – Mossberg 590M and Remington 870DM
GunLink-SHOT18_0037
Mossberg’s domestic competitor, Remington, may have beaten Mossberg to the punch with last month’s announcement of the 870DM, an update to their popular pump-action shotgun to feed from a detachable magazine, but we think that Mossberg came out on top in the execution department with their new 590DM. Full disclosure, we are Mossberg fans out of the gate, preferring the 500 platform over the 870 in most regards.

Remington’s edge came with the announcement of a wider variety of models of the 870DM, including a Magpul equipped, camo thumb-hole, hardwood, tactical, and stubby non-NFA TAC-14 models that will accept Remington’s in-house built single-stack magazines in 3- and 6-round capacities.   Continue reading

Remington Announces New 870 Variant with Detachable Box Magazine

Rem870DM_announceSince the Remington 870 was introduced in 1950 to replace the struggling Model 31, Remington’s has sold a lot of their popular pump shotgun.

Over 11 million, in fact, in a number of variants such as the base model Express, Police, Super Mag, Wingmaster, and recently released non-NFA short shotgun, the Tac-14.

In a live official unveiling tonight, “Big Green” announced their latest variant, the 870 DM, with DM being short for Detachable Magazine, and those detachable magazines being Remington’s in-house production three and six round box mags.

The 870DM line will initially be comprised of six sub-variants including the Hardwood, Magpul, Predator, Tactical, and Tac-14 editions that supplement the base model.

Remington_870DM_MagpulThe 870DM base model sports a synthetic stock with “corncob” fore-end and 18.5″ cylinder bore barrel. This model, like most others, will ship with a single six-round magazine.

The Hardwood model is similar in most aspects such as barrel, choke, and magazine, except that – as you might guess from the name – it has hardwood furniture. Both of these models are planned to retail for $529.   Continue reading

The Remington R51 Returns

2.5 Years After First Try, Remington Re-Launches Their Compact 9mm

R51It has been a bit of a rough ride for the Remington R51.  Two and a half years ago, the 200-year-old arms maker launched the R51 at SHOT Show 2014.  By July of that year, Remington had ditched the R51 project citing “performance issues” and scrubbed any mention of the R51 from the product lineups in their catalogs and online.

In their “oops” memo, Remington stated that “anyone who purchased an R51 may return it and receive a new R51 pistol, along with two additional magazines and a custom Pelican case.” They also thanked customers for their patience and promised that “the new R51 will be of the same exceptional quality as our test pistols” which, to hear them tell it, performed flawlessly.

Now, more than two years after the recall, the R51 is back and, hopefully, better than ever.  Remington announced the official re-launch of the R51 today with the following statement:

Because the R51 is so unlike any other handgun on the market, it posed unforeseen challenges in manufacturing when it was first introduced in 2014. Since then, our engineers have worked tirelessly to address the issues and extensively test the solutions, and we’re proud to say the redesigned R51 surpasses even our initial expectations.

Remington claims that the pistol has now been re-engineered from the ground up and thoroughly tested (again) to deliver “ultimate reliability.”  The 7+1 capacity R51 is supposedly designed to get on target faster and point more intuitively than other subcompact pistols on the market and thanks to the barrel and recoil spring configuration, have 25% less muzzle flip.

Updated features in the rebooted R51 include a precision-built fast-reset polymer trigger, a more aggressive and durable extractor design, enhanced recoil spring – which were among the issues with the initial pistol.

Remington Unleashes 300 Yard Muzzle Loader at SHOT Show

This Model 700-based Black Powder Rifle Ain’t Your Daddy’s Smoke Pole

Oh, great.  Another Remington 700 variant.  Yawn; keep moving.  Wait a second… that’s a front-loader?

RemingtonUML_01That’s pretty much what happened that got the GunLink crew to double back for an unscheduled visit as we strolled past the huge product art adorning the exterior walls of the Remington booth at SHOT Show 2015.  Of course, we had planned to stop in to the Freedom Group booth anyway to visit various members of the family, but this new rifle caught our attention.

The .50 caliber Remington UML appears to have a good start on living up to its name:  the Ultimate Muzzle Loader.  As much as the term may be overused, by all accounts the UML is a game changer in the black powder world.  And it is sure to further ruffle the feathers of traditionalists who already don’t like the current crop of fast, powerful modern inline muzzle loaders that blur the line between muzzle loaders and centerfire rifles.  In fact, unlike some other muzzle loaders, the UML is considered a firearm and is subject to the same regulation.

UMLballisticBased on the Remington 700 bolt-action, the inline UML is a true magnum – capable of handling 200 grains of powder, making it an accurate 300-yard rifle.  250 grain projectiles scream from the UML at 2,400 fps with nearly 3,200 ft lbs of energy.  At 300 yards, it is still supersonic at over 1,300 fps, delivering 966 ft lbs of energy. Continue reading

REMINGTON MODEL 887 SHOTGUN RECALL

PRODUCTS: Remington is voluntarily recalling Remington Model 887™ shotguns manufactured from December 1, 2013 to November 24, 2014.

DESCRIPTION OF THE HAZARD: Remington has determined that some Remington Model 887™ shotguns manufactured between December 19, 2013 and November 24, 2014 may exhibit a defect causing the firing pin to bind in the forward position within the bolt, which can result in an unintentional discharge when chambering a live round. While Remington has the utmost confidence in the design of the 887™ shotgun, it is undertaking this recall in the interest of consumer safety.

REMEDY/ACTION TO BE TAKEN: STOP USING YOUR SHOTGUN. Any unintended discharge has the potential to cause injury or death.Immediately cease use of recalled shotguns and return them to Remington free of charge. Shotguns will be inspected, repaired, tested, and returned as soon as possible, at no cost to you. DO NOT attempt to diagnose or repair recalled shotguns yourself. For your safety, STOP USING YOUR SHOTGUN and immediately contact Remington.

To participate in the recall, please follow the instructions below:   Continue reading

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