New York Post claims that Cerberus Capital Management is facing about $1 billion debt related to Remington Outdoor Co.
According to the article, Revenue fell from $1.25 billion to $1 billion in 2014. In 2012, Cerberus tried to unload Freedom Group, but the price difference derailed the sale.
Link: http://nypost.com/2014/12/23/gunmaker-staring-down-1b-in-debt-as-gun-sales-slump/
From: NY Post
