From Colt Defense - Colt Defense LLC Enters Into New $70 Million Senior Secured Term Loan Facility
West Hartford, Connecticut — Colt Defense LLC (the “Company”) announced today that it has entered into a new $70 million senior secured term loan facility with Morgan Stanley Senior Funding Inc. (the “MS Facility”). Proceeds from the MS Facility will be used to repay all amounts outstanding under the Company’s existing term loan agreement dated as of July 12, 2013 and provide additional liquidity, including to allow the Company to make the $10.9 million interest payment due November 17, 2014 under the indenture governing its existing senior notes. The credit agreement governing the MS Facility
(i) does not contain financial covenants or amortization provisions similar to those provisions in the Company’s existing term loan agreement;
(ii) provides for the accrual of interest on an 8% cash and 2% payment-in-kind basis;
(iii) will mature no later than August 15, 2018 subject to the satisfaction of certain conditions.
The lenders under the Company’s existing credit agreement dated as of September 29, 2011 (the “ABL Credit Agreement”) have also agreed to amendments to the ABL Credit Agreement necessary for the Company to enter into the MS Facility. The Company believes that the MS Facility will provide it with the time and flexibility necessary to support its medium and long term objectives.
About Colt Defense LLC
Colt is one of the world’s oldest and most renowned designers, developers and manufacturers of firearms for military, personal defense and recreational purposes. Our founder, Samuel Colt, patented the first commercially successful revolving cylinder firearm in 1836 and, in 1847, began supplying U.S. and international military customers with firearms that have set the standards of their era. The “Colt” name and trademarks stand for quality, reliability, accuracy and the assurance of customer satisfaction.
From the Connecticut Department of Energy and Environmental Protection - General Firearms Deer Season Begins November 19
DEEP Reminds Outdoor Enthusiasts to Be Safe
- Connecticut’s Department of Energy and Environmental Protection (DEEP) today issued a safety reminder for outdoor enthusiasts as a variety of hunting seasons are currently underway – most notably the opening of the fall firearms deer season which begins on Wednesday, November 19. Specific deer hunting season information is available on the DEEP website at www.ct.gov/deep/hunting
“This is a popular time for others to enjoy the many outdoor opportunities that our state has to offer, such as hiking and biking,” said DEEP Deputy Commissioner Susan Whalen. “Therefore, it is especially important for all outdoor users to respect the rights of others and be aware of all activities that may be occurring outdoors. Connecticut hunters have an excellent safety record and awareness on the part of all outdoor users can help in our efforts to keep hunting safe for everyone.”
More on Connecticut's firearm deer season ...
From Colt’s Manufacturing Company - Colt’s Mark Redl Wins Custom Defensive Pistol Division at New England Regional Redl Increases Lead for King of New England CDP Division
West Hartford, Connecticut – Colt congratulates sponsored shooter Mark Redl on taking first place in the Custom Defensive Pistol Division at the New England Regional IDPA Championship. Redl scored 277.82 match points in the CDP Master Class, with 82 points down. This victory also increases Redl’s lead in his division for the 2014 King of New England title, which he looks to claim again after his victory in 2013.
“We are all very excited for Mark and another outstanding win,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “It is wonderful to see him continue to put in the hard work and get closer to achieving his goal of repeating his King of New England CDP Division title. Colt’s Manufacturing Company is also proud to have been a sponsor of this popular IDPA match.”
More on Redl's win at New England Regional IDPA Championship ...
From Savage Arms - Savage Arms Hosts Meet-and-Greets with Brian “Pigman” Quaca at the 2014 NRA Show
Brian “Pigman” Quaca’s relentless approach to hunting hogs has made his show “Pig Man: The Series” a fan favorite. Pigman visits booth #6152 during the 143rd NRA Annual Meeting & Exhibits April 25-27, 2014 in Indianapolis, Ind. He will meet with his fans and sign autographs April 25 from 10:00 a.m. to 11:00 a.m. and again April 26 from 3:30 p.m. to 4:30 p.m. Attendees will also get a chance to see the latest products from Savage® Arms and Gunslick® Pro.
Suffield, Connecticut -
SUFFIELD, CT - Brian “Pigman” Quaca’s relentless approach to hog hunting has made his show “Pig Man: The Series” a fan favorite. Quaca will be making two meet-and-greet appearances at booth #6152 during the 143rd NRA Annual Meeting & Exhibits April 25 to 27, 2014 in Indianapolis, Ind. Pigman will meet with fans and sign autographs April 25 from 10:00 a.m. to 11:00 a.m. and return on April 26 from 3:30 p.m. to 4:30 p.m.
More on Savage Arms bringing Pigman to the NRA Annual Meeting ...
From the Connecticut Department of Energy and Environmental Protection - Glastonbury Shooting Range Re-opens for 2014 Season
Weekend Hours Begin April 5, 2014 Special Provisions for Turkey Hunters
Hartford, Connecticut - Connecticut’s Department of Energy and Environmental Protection (DEEP) announced today that the Glastonbury Shooting Range is scheduled to open for supervised public use on Saturdays and Sundays starting Saturday, April 5, 2014, and remaining open through November 30, 2014. The range is located within the Meshomasic State Forest off of Toll Gate Road in Glastonbury, and supervision will be by DEEP certified range safety officers.
More on the reopening of the Glastonbury Shooting Range in Glastonbury, Ct. ...
From Colt’s Manufacturing Company - Colt's Manufacturing Company Expands the Mustang Family
The Mustang XSP is the Newest Offering in Popular Line of Pocket Pistols
West Hartford, Connecticut – Colt’s Manufacturing Company LLC, one of the world's leading designers, developers and manufacturers of firearms, is proud to introduce the newest member of the Colt Mustang family, the polymer framed Mustang XSP. Like its predecessors, the classic Colt Mustang and Mustang Pocketlite, the XSP is sure to become a popular option for concealed carry.
“The Mustang and Mustang Pocketlite have been favorites of our customers for years. We are excited to build on those very successful products and evolve them even further to meet ever growing customer needs,”
... more on Colt's new Mustang XSP line ...
Wife gives hubby an AR-15 styled birthday cake at Friends of NRA dinner
A few days ago, Elizabeth Mais dropped us a line from Connecticut. She told us about the wonderful time she had last weekend at a Friends of NRA dinner. But she wanted to do more than just say thanks. She wanted to tell us about a cake.
As luck would have it, the date of the Friends banquet fell on the same day as her husband's birthday. So Elizabeth decided to sieze the opportunity celebrate the NRA, the shooting sports, and Bill's birthday all in one fell swoop. What better way to do that than with frosting?
Everything came together thanks to a little creativity by Elizabeth, Jenny-Lu’s and their AR-15/Gadsden flag cake creation. Here's Elizabeth with the full story:
Plantsville, Connecticut - Last year was my husband Bill’s 50th birthday. Because I was unemployed at the time, I could not afford to give him the party he deserved. This year I wanted it to be special and it was. Bill’s birthday happened to fall on the same day as the Friends of the NRA annual dinner. I thought, how perfect, an evening with good food, great friends, gun raffles, and camaraderie! What could be better than celebrating his birthday with 1300 fellow patriots!
More on the AR-15 Birthday Cake ...
The Bristol Press
in Bristol, Connecticut, wrote an article on Camp Perry competitors Claudia and Richard Duksa, pictured below:
Teen has sharp eye for targets, academics
Claudia Duksa is spending her summer vacation doing what she’s good at — small bore rifle shooting.
And the 17 year-old is really good at it. On Tuesday, she and her father, Richard Duksa, will be heading to the national championships at Camp Perry in Ohio.
She got started shooting at age 8, when her father built her a small range in the barn the farm he owns in Southington.
“We’d go down there and practice,” she recalled. “We learned on our own through shooting books, and did just about everything on our own at first. We made up our own schedule and to try to teach ourselves to shoot.”
A few yeas later they joined Bell City Rifle Club in Southington, where she received more advanced instruction and made rapid progress.
“She loves her sport and she stays very focused,” said her father, who still acts as her informal coach.
Continue reading here
The Hartford, Connecticut, Cabela’s will host a benefit barbecue for the local Youth Hunter Education Challenge (YHEC) program on August 22, 2010. The benefit will be in conjunction with their 2nd biggest sale of the year, The Fall Great Outdoor Day Sale. Cabela’s Retail Events Coordinator Diana Bazzano is in charge of the event. “We chose YHEC to do a benefit because we wanted to do something related to what Cabela’s does, something for fishing or hunting,” said Ms. Bazzano.
Pepsi will be donating drinks and chips to the cause. Carl’s BBQ and Jerk, a local Jamaican barbecue place, will be catering the event. Customers can buy a sandwich, chips, and a soda for only $4.00. For each sandwich sale, $1.00 will be donated to YHEC.
The Youth Hunter Education Challenge is acknowledged as the most widespread youth hunting program in North America. YHEC is the NRA’s “graduate studies” program in outdoor skills and safety training at the state or provincial level. For more information about Cabela’s benefit barbecue, call the store at (860) 290-6200. For more information about the YHEC program, look here.
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