Colt News
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WEST HARTFORD, Conn., March  25, 2015 –Today, Colt announces the addition of two key members of its senior management team - Paul Spitale to the position of Senior Vice President, Commercial Programs and Kenneth Juergens to the position of Senior Vice President, Government & Military Programs.  These two positions reflect a new, customer-centric design for sales and marketing at Colt.  Paul Spitale: As the new head of Commercial Programs, Paul will be responsible for leading all aspects of the commercial strategy. This includes commercial program sales, marketing, product development, and licensing.  Paul brings a wealth of business experience and knowledge of consumer products to Colt. This expertise has been gained through several key senior leadership positions most recently as Vice President National Accounts at LG Electronics and Corporate Vice President Sales & Marketing at Newark Recycled Paperboard Solutions Co.  In addition, he spent...

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WEST HARTFORD, Conn. — February 9, 2015, Colt Defense LLC (“Colt”) announced today that it has entered into a new senior secured term loan facility with Cortland Capital Market Services LLC, as agent, and certain lender parties thereto (the “Cortland Facility”).  The Cortland Facility provides for a term loan of $33 million, which includes the arrangement of certain cash collateralized letters of credit in an aggregate face amount of up to $7 million, of which approximately $5 million will be used in connection with the termination of Colt’s existing revolving credit agreement.  Proceeds from the Cortland Facility will be used to repay all amounts outstanding under Colt’s existing revolving credit agreement and terminate such revolving credit agreement, for cash collateral for certain letters of credit, to pay fees incurred in connection with the consummation of the Cortland Facility and the termination of the existing revolving credi...

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Colt Expands Classic Handgun Families with New Introductions for 2015

WEST HARTFORD, Conn. (Jan. 12, 2015) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, is expanding upon many of its classic and highly popular handgun families with several new handgun introductions for 2015. The new handguns give customers more options in caliber, weight, rails and other features to best meet their preferences and needs. The Colt handgun families with new models include the Rail Gun®®, XSE Series, 1991 Series and Gold Cup®. “Our new handgun introductions provide customers with the same high-quality products the market expects from Colt, with a greater diversity in design and configuration,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing. “We are excited to offer our customers a great array of choices to find the Colt handgun that best suits them for personal protection, target shooting, competitive shooting, hunting and other n...

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Colt Launches Commemorative Program Offering Customized Group Firearm Orders

WEST HARTFORD, Conn. (January 12, 2015) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, is proud to announce the launch of its new Commemorative Program. The Colt Commemorative Program allows civic groups, law enforcement units, military personnel and other government agencies to order heirloom-quality, customized Colt firearms. “The Colt Commemorative Program is an excellent way for a group of close-knit individuals to honor the special bond they share,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “This program is a completely new offering to civic groups, and we look forward to sharing in their expressions of pride through a custom Colt firearm.” Commemorative firearms in this program typically include the Colt 1911 (model O1091) or the LE6920 rifle. However, other models may be available depending on the specific project request. A m...

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WEST HARTFORD, Conn. — Colt Defense LLC (the “Company”) announced today that it will host an investor conference call on Wednesday, December 3, 2014 at 10:00 a.m. Eastern Time to discuss 2014 third quarter financial results.  Interested parties may participate by dialing 1- 877-565-1267 (U.S. and Canada) or 1-706-758-8327 (International), and providing the conference ID number: 42491433. A telephonic replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on Wednesday, December 3, 2014, and will last through Saturday, January 3, 2015.  The replay may be accessed by dialing 1-855-859-2056 (U.S. and Canada) or 1-404-537-3406 (International) and providing the same conference ID number listed above. Prior to the call, the Company will file its 2014 third quarter financial results with the SEC on Form 10-Q which will be available at www.sec.gov. About Colt Defense LLC Colt is one of the world’s oldest and most renowned desig...

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WEST HARTFORD, Conn. — Colt Defense LLC (the “Company”) announced today that it has entered into a new $70 million senior secured term loan facility with Morgan Stanley Senior Funding Inc. (the “MS Facility”).  Proceeds from the MS Facility will be used to repay all amounts outstanding under the Company’s existing term loan agreement dated as of July 12, 2013 and provide additional liquidity, including to allow the Company to make the $10.9 million interest payment due November 17, 2014 under the indenture governing its existing senior notes.  The credit agreement governing the MS Facility (i) does not contain financial covenants or amortization provisions similar to those provisions in the Company’s existing term loan agreement; (ii) provides for the accrual of interest on an 8% cash and 2% payment-in-kind basis; and (iii) will mature no later than August 15, 2018 subject to the satisfaction of certain conditions.  The lenders u...

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Redl Wins Title for Custom Defensive Pistol Division WEST HARTFORD, Conn. (Oct. 24, 2014) – Colt’s Manufacturing Company is proud to announce that sponsored shooter Mark Redl has once again claimed the King of New England title in the Custom Defensive Pistol Division. Redl has won this title for the second consecutive time since the series began in 2013. His victory was sealed at the Live Free or Die New Hampshire IDPA Championship, where he placed first in his class with 239.34 match points. “We are incredibly proud of Mark for claiming the King of New England title in the first, and now second, year of the series,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “This was an important goal of Mark’s for the 2014 season, and he has worked very hard to achieve it.” The King of New England series pulls scores from four stages, plus one alternate stage, at three of New England’s IDPA competitions. T...

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WEST HARTFORD, Conn. — Colt Defense LLC (the “Company”) announced today that it will host an investor conference call on Tuesday, September 16, 2014 at 10:00 a.m. Eastern Time to discuss 2014 second quarter financial results. Interested parties may participate by dialing 1- 877-565-1267 (U.S. and Canada) or 1-706-758-8327 (International), and providing the conference ID number: 5016728. A telephonic replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on Tuesday, September 16, 2014, and will last through Tuesday, September 23, 2014. The replay may be accessed by dialing 1-855-859-2056 (U.S. and Canada) or 1-404-537-3406 (International) and providing the same conference ID number listed above. Prior to the call, the Company will file its 2014 second quarter financial results with the SEC on Form 10-Q which will be available at www.sec.gov. About Colt Defense LLC Colt is one of the world’s oldest and most renowned designe...

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Redl wins Limited 10 Division, Reese Takes Second Lady in Production Division WEST HARTFORD, Conn. (Sept. 9, 2014) – Team Colt shooters Mark Redl and Maggie Reese competed together for the first time this season and walked away with high honors at the USPSA EGW Area 8 Championship. Redl took first overall in the Limited 10 division, with 1,064.7355 match points. Reese placed second in the Ladies Production division, with 625.9016 match points. “It was great to see Mark and Maggie’s paths cross in their respective competition circuits,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “As always, we are very proud of the outstanding marksmanship and leadership that our Team Colt representatives bring to the range.” The match featured 10 stages with names such as “Flying Plates, Barrel of Monkeys, Harsh Hallways and Barricade.” “This match was a great combination of fun and challenging stage...

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WEST HARTFORD, Conn. (Aug. 29, 2014) – Just in time for the shift from summer to fall, Colt announced that it has extended its current promotion in conjunction with Carhartt® through Sept. 30.  The “Smokin’ Hot Summer” promotion offers one free Carhartt jacket to customers who purchase a qualifying Colt rifle during the promotional period, June 15 – Sept. 30. The offer was originally scheduled to end at the close of August. The jacket is Carhartt’s black Duck Detroit Jacket, model J001, with the Rampant Colt® logo embroidered above the left chest pocket. It is made in the USA and constructed of rugged 12-ounce, 100-percent ring-spun cotton duck. The body of the jacket features a blanket lining, while the lining in the sleeves is quilted nylon. There is a corduroy top collar with under-collar snaps made to attach an optional hood. Inside there is a welt pocket and outside there are two large front pockets, as well as a zippered left-ches...

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Colt Announces Winner of Single Action Army® Revolver Facebook Giveaway - Giveaway Held in Honor of Sam Colt’s 200th Birthday on July 19

WEST HARTFORD, Conn. (Aug. 20, 2014) – Colt’s Manufacturing Company has announced the winner of its Single Action Army® Revolver Facebook giveaway. James Schiller of Buckley, Wash. was randomly selected from a pool of thousands of successful entries to win a Colt model P1870 Single Action Army Revolver. The contest was hosted on Colt’s Facebook page through the month of July to commemorate Sam Colt’s 200th birthday on July 19. “I am so excited and still in shock that I won the revolver,” said Schiller. “I’ve been a Colt fan since I was 12 years old and saw a Python for the first time at a gun show with my father and grandfather. I also love history, and Sam Colt is such an important part of America’s history of innovation.” The Facebook giveaway is part of Colt’s Manufacturing Company’s yearlong celebration of Sam Colt’s 200th birthday. The year started with the production of a limited edition commemora...

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WEST HARTFORD, Conn. (Aug. 19, 2014) – Colt congratulates sponsored shooter Mark Redl on taking first place in the Custom Defensive Pistol Division at the New England Regional IDPA Championship. Redl scored 277.82 match points in the CDP Master Class, with 82 points down. This victory also increases Redl’s lead in his division for the 2014 King of New England title, which he looks to claim again after his victory in 2013. “We are all very excited for Mark and another outstanding win,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “It is wonderful to see him continue to put in the hard work and get closer to achieving his goal of repeating his King of New England CDP Division title. Colt’s Manufacturing Company is also proud to have been a sponsor of this popular IDPA match.” The King of New England series pulls scores from four stages, plus one alternate stage, at three of New England’s IDPA comp...

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Colt’s Manufacturing Company Donates Commemorative  Firearm to The Museum Collection at The Connecticut State Library Donation Made in Honor of Sam Colt’s 200th Birthday

WEST HARTFORD, Conn. (July 25, 2014) – Colt’s Manufacturing Company marks the 200th birthday of founder and American industrialist Sam Colt with the donation of a commemorative pistol to The Museum of Connecticut History at The Connecticut State Library. The commemorative pistol is a Colt O1991Z model, a direct descendant of the original Colt 1911 model. It is specially engraved to mark the 200th birthday celebration, with designs including the Colt dome, Sam Colt’s bust and the bicentennial 1814-2014 date. Colt’s Manufacturing Company symbolically donated serial number 200 to the library’s museum on July 19 at the Colt 200th festival in Hartford. “We are honored to donate this special commemorative firearm to the outstanding collection already housed at the Connecticut State Library,” said Joyce Rubino, Vice President of Marketing at Colt’s Manufacturing Company. “This is an historic occasion not only for our company, but for the ...

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Colt Sponsors and Donates Single Action Army® Revolver to FMG Shooting Industry Masters

WEST HARTFORD, Conn. (July 24, 2014) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, proudly sponsored FMG’s Shooting Industry Masters event at the gold level, as well as donating a special Single Action Army® Revolver to the event’s charitable auction. The revolver was specially engraved to commemorate Sam Colt’s 200th birthday, which is being celebrated throughout the year. It was auctioned at a final price of $3,600, with 100-percent of the proceeds benefitting USA Shooting. “We all look forward to the FMG Shooting Industry Masters each year,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “This is a wonderful event that brings the industry together for a fun weekend of safe shooting and fundraising. We are thrilled that the Single Action Army® Revolver donation brought in as much as it did to support a great organizat...

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Colt Canada Reintroduces Diemaco Rifle Name to Canadian Commercial Market

KITCHENER, Ontario (July 2, 2014) – Colt Canada, the Canadian government’s Center of Excellence for small arms and the Canadian military’s sole supplier of the C7 rifle and C8 carbine, proudly reintroduces the popular Diemaco rifle name to the Canadian commercial market. Through an exclusive distributor agreement with the Korth Group, two rifle models are now available to the civilian market in Canada for the first time in the company’s history. “This is a historic step for our company and for sport shooters and collectors in Canada,” said Matt Kirkpatrick, Commercial Sales Coordinator for Colt Canada. “After receiving all necessary licensing and approvals from the Royal Canadian Mounted Police and the United States government, we are thrilled to be able to provide Canada’s firearms community with high-quality and respected firearms, made right here in Canada under the well-known Diemaco name. ” The two models available to Canadi...

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Team Colt’s Maggie Reese Wins Third IronMaiden Title at MGM Ironman 3-Gun Match

WEST HARTFORD, Conn. (June 19, 2014) – Colt’s Manufacturing Company congratulates sponsored shooter Maggie Reese on claiming her third IronMaiden title at the MGM Ironman 3-Gun competition. Reese competed in the Open division and finished with 509.0427 match points. She also won the IronMaiden title in 2011 and 2013. “Maggie did an outstanding job defending her IronMaiden title,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “This is a difficult match, with stages that can take several minutes to complete, so we are very proud of the skill and athleticism Maggie showed.” Reese competed with a Colt LE6920 through the match’s rifle stages, where round counts were well over 100, and Mother Nature added even more difficulty. “The Colt 6920 was very reliable as I navigated not only through the stages, but also the heat and lots of dust,” said Reese. “The match was very physically challeng...

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Colt Offers Free Carhartt Jacket During “Smokin’ Hot Summer” Promotion

WEST HARTFORD, Conn. (June 18, 2014) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, is offering a new promotion for customers who purchase a Colt rifle this summer. During the “Smokin’ Hot Summer” promotion, anyone who purchases a Colt modern sporting rifle will receive a free Carhartt® jacket. The promotion is valid June 15 – August 31, 2014. The jacket is Carhartt’s black Duck Detroit Jacket, model J001, with the Rampant Colt® logo embroidered above the left chest pocket. It is made in the USA and constructed of rugged 12-ounce, 100-percent ring-spun cotton duck. The body of the jacket features a blanket lining, while the lining in the sleeves is quilted nylon. There is a corduroy top collar with under-collar snaps made to attach an optional hood. Inside there is a welt pocket and outside there are two large front pockets, as well as a zippered left-chest pocket....

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Colt Shooter Mark Redl Takes First Step Towards Defending King Of New England Title Redl Wins Overall and Division at Massachusetts State IDPA Championship

WEST HARTFORD, Conn. (June 12, 2014) – Colt shooter Mark Redl is on his way to successfully defending his King of New England – Custom Defensive Pistol Division title following last weekend’s Massachusetts State IDPA Championship. Redl placed first in the Custom Defensive Pistol Division at the match, and also achieved the overall lowest score, with 160.8 match points. The Mass. State Championship is also the first match of the three-leg concurrent King of New England series. The series pulls scores from four stages (plus one alternate stage) at three of New England’s biggest IDPA competitions. The second leg of the series is the New England Regional in August, and the third leg is the New Hampshire Live Free or Die Blockbuster State Championship in October. “Mark has made it very clear to us all year long that it is his mission to defend his King of New England title,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing ...

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Pigman: The Series Signs on with Colt’s Manufacturing Company - Iconic Gun Manufacturer Taps Brian “Pigman” Quaca to Reach Their Hunting Consumers

Grosebeck, TX (May 27, 2014) – Pigman: The Series, hosted by Brian “Pigman” Quaca, and Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, have entered into a partnership for remainder of 2014 that will include various forms of strategic media content on Pigman: The Series airing on Sportsman Channel. “Working with Brian “Pigman” Quaca and the team at the Sportsman Channel is an exciting new partnership for us,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “Pigman: The Series will be an excellent forum to reach our hunting-focused customers, showing how you can have great outdoor adventures with your Colt by your side.” Learn more about Pigman: The Series at http://Facebook.Com/PigmanTV on Twitter http://Twitter.com/SmokinPork and online http://PigmanTV.com About Pigman: The Series: Set deep in the heart of Texas, Leu...

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WEST HARTFORD, Conn. — Colt Defense LLC (the “Company”) announced today that it will host an investor conference call on Thursday, May 15, 2014 at 10:00 a.m. Eastern Time to discuss 2014 first quarter financial results.  Interested parties may participate by dialing 1- 877-565-1267 (U.S. and Canada) or 1-706-758-8327 (International), and providing the conference ID number: 46996945. A telephonic replay of the conference call will be available beginning at 1:00 p.m. Eastern Time on Thursday, May 15, 2014, and will last through Thursday, May 22, 2014.  The replay may be accessed by dialing 1-855-859-2056 (U.S. and Canada) or 1-404-537-3406 (International) and providing the same conference ID number listed above. Prior to the call, the Company will file its 2014 first quarter financial results with the SEC on Form 10-Q which will be available at www.sec.gov. About Colt Defense LLC Colt is one of the world’s oldest and most renowned designers, develop...

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WEST HARTFORD, Conn. (May 8, 2014) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, is now offering complete upper receiver assembly kits in a variety of barrel lengths and configurations. The conversion kits are derived from the popular LE6920 and LE6940 models, offering the standard upper receiver with handguard configuration and the monolithic one-piece receiver with free-floating barrel configuration. Three upper assembly models come in the traditional 16.1-inch barrel length, and for the first time, two upper assemblies are available in the shorter 14.5-inch barrel length. “The upper assembly conversion kits will allow us to offer more high-quality, state-of-the-art choices to our customers,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing. “The upper assemblies are made to the same military specifications and are subject to the same rigorous testing pr...

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WEST HARTFORD, Conn. (April 23 , 2014) – Colt’s Manufacturing Company sponsored-shooter Maggie Reese put in another outstanding performance over the weekend at the USPSA Multi-Gun Nationals, placing 2nd in the Lady’s Open division. The match was held April 18-20 at the Desert Sportsman Rifle and Pistol Club in Las Vegas, Nev. “We are very proud to see Maggie do so well on the national competitive shooting stage,” said Joyce Rubino, Vice President of Marketing for Colt’s Manufacturing Company. “She is off to a great start, and with many more matches to come this year, we can’t wait to see what other successes Maggie is capable of.” Reese, who is a two-time USPSA National Champion, utilized her Colt LE6920 for the rifle stages of the match. These stages required distance shooting up to 400 yards, as well as close-range precision shots. “The USPSA Multi-Gun Nationals is one of my favorite matches,” said Reese. “I e...

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WEST HARTFORD, Conn. (April 11, 2014) – Colt’s Manufacturing Company, one of the world’s leading designers, developers and manufacturers of firearms, has launched its Premiere Dealer Program. The program offers dealers one free Colt Mustang® XSP, a $649 retail value, with the purchase of six Colt rifles. Rifles included in the promotion include the AR15A4, LE6920 and variants, LE6940 and variants, along with members of the M2012 bolt action rifle family. The polymer-framed Colt Mustang XSP is a popular choice for concealed carry for male and female shooters. With a molded thumb perch and enhanced cut behind the trigger guard, the XSP sits comfortably in hands of all sizes. The XSP also features a dovetailed front sight, amnbidextrous safeties, an integral 3/8” accessory rail below the dust cover and a squared off trigger guard. The Premiere Dealer Program promotion is now available, while supplies last. Please contact your Colt distributor for a complete l...