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Colt Poised For Bankruptcy Showdown With Bondholders

By Matt Chiappardi (June 16, 2015, 9:16 PM EDT) -- A Delaware bankruptcy judge gave Colt Defense LLC the OK on Tuesday to tap $6 million in stopgap financing from senior lenders, but a major battle is brewing with bondholders that are challenging the trajectory of the debtor's case and will be allowed to present an alternative loan next week....

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