Colt’s announced that it may miss a $10.9 million bond payment due on November 17. There is a 30-day grace period that would push the default date to December 15. However, even if it does make the payment, Colt owes another $48 million by the end of the year. In June, the company reported a $20.5 million loss for 2014 to date.
How would the loss of Colt affect you? Share your sentiments in the comment section.
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