(Reuters) - Remington Outdoor Co Inc., one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. Remington, America’s oldest gun maker, announced the deal in February to reduce its $950 million debtload in a deal that will transfer control of the company to creditors. The creditors inked the debt-cutting deal prior to the Parkland shooting, and it is unclear if any have exited. Remington and other gunmakers have suffered from slumping sales in the past year as fears of stricter gun laws have faded. The chief executive of American Outdoor Brands Corp, maker of the Smith & Wesson gun used in the Parkland shooting, said on March 1 that some gun retailers reported increased sales after the Florida school shooting.

Source: Huffington Post March 26, 2018 01:52 UTC