West Hartford gunmaker Colt Defense LLC and its affiliate, Colt Finance Corp., have launched an exchange offer for $250 million of outstanding senior debt due 2017.
These 8.75 percent notes were issued on Nov. 10, 2009 in a private placement.
Colt says noteholders may exchange them for an equal principal amount of notes pursuant to an effective registration statement filed with the Securities and Exchange Commission.
Terms of the exchange notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the exchange notes.
Any notes not tendered will remain outstanding and continue to accrue interest, the company said Monday.
Unless extended, the exchange offer expires at midnight on May 6.
