Colt Defense LLC (the “Company”) introduced at the moment that as of 5:00 p.m., New York City time, on May 15, 2020 (the “Expiration Time”), holders of $2,838,767 mixture principal quantity, or roughly 33.49% of the excellent principal quantity, of its excellent 8.00% Fourth Priority Secured Notes Due 2021 (the “Notes”) had tendered their Notes pursuant to the Company’s beforehand introduced tender supply and associated solicitation of consents from holders of the Notes (the “Offer”). The full phrases and circumstances of the Offer are detailed within the Company’s Offer to Purchase and Consent Solicitation Statement dated March 2, 2020 and the associated Letter of Transmittal (collectively, the “Offer Documents”), copies of which had been beforehand distributed to eligible holders of the Notes. The Company didn’t obtain the Required Consents (as outlined within the Offer Documents) from holders of the Notes to sure amendments to the indenture governing the Notes. Therefore, the indenture governing the Notes is not going to be amended.

The Company at the moment expects that it’ll settle for for fee all the Notes validly tendered by means of the Depository Trust Company on or about May 18, 2020. Upon settlement, every holder who validly tendered their Notes prior to five:00 p.m., New York City time, on April 10, 2020 (the “Early Tender Time”) will obtain the overall consideration of $0.25 per $1.00 principal quantity of the Notes tendered, which incorporates $0.225 because the tender supply consideration and $0.025 as an early tender fee, and every holder who validly tendered their Notes after the Early Tender Time however on or previous to the Expiration Time will obtain the tender supply consideration of $0.225 per $1.00 principal quantity of the Notes, however is not going to obtain the early tender fee. Eligible holders of Notes is not going to be entitled to obtain any money fee with respect to accrued and unpaid curiosity on Notes accepted for buy and any such accrued curiosity might be forfeited, because the per $1.00 principal quantity ratio with respect to the Offer has been calculated to take account of accrued curiosity by means of the settlement of the Offer.

This announcement shall not represent a suggestion to buy or a solicitation of a suggestion to promote any securities. The full phrases and circumstances of the Offer for the Notes had been set forth within the Offer Documents. The Company’s Offer was made solely by means of, and topic to the phrases and circumstances set forth in, the Offer Documents and associated supplies.

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Ipreo LLC acted as Solicitation Agent and Information Agent for the Offer for the Notes. Questions concerning the Company’s Offer or requests for the Offer Documents could also be directed to Ipreo LLC at (212) 849-3880 (for banks and brokers) or (888) 593-9546 (for all others).

About Colt Defense LLC

Colt Defense LLC, a Delaware restricted legal responsibility firm, with predecessors courting again to 1836, is among the world’s oldest designers, builders and producers of firearms for army, private protection and leisure functions. The Company’s product traces embrace handguns (pistols and revolvers), lengthy weapons & regulated choices (world army and legislation enforcement merchandise) and a spread of firearms-related elements, coaching, companies and model licensing. The Company’s finish prospects embody each phase of the firearms market, together with U.S., Canadian and overseas army forces, world legislation enforcement and safety businesses, customers searching for private safety, the looking and sporting group and collectors.

Cautionary Statement on Forward-Looking Statements

Information on this launch could contain outlook, expectations, beliefs, plans, intentions, methods or different statements concerning the long run, that are forward-looking statements. These forward-looking statements contain dangers and uncertainties. All forward-looking statements included on this launch are based mostly upon info obtainable to us as of the date of the discharge, and we assume no obligation to replace any such forward-looking statements. The statements on this launch usually are not ensures of future efficiency, and precise outcomes might differ materially from present expectations. Numerous elements might trigger or contribute to such variations. Please seek advice from “Risk to Non-Tendering Holders; Special Considerations” and “Forward-Looking Statements” within the Offer Documents for extra info.

Colt Defense LLC Announces Expiration and Results of Tender Offer for 8.00% Fourth Priority Secured Notes Due 2021 and Related Consent Solicitation

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