May 18th, 2018

New Service Rifle Scope from Leupold: VX-4.5HD

Nightforce 4.5X24mm scope

Service Rifle shooters now have a new optics option — a 1-4.5X Leupold. This new scope fits CMP/NRA rules allowing up to 4.5X power for Service Rifles. Leupold’s new 1-4.5×24mm VX-4.5HD Service Rifle optic features a 30mm maintube and 1-4.5 power zoom with HD glass. It will be offered with both standard and illuminated Bull-Ring-style reticles.

“When the High Power Service Rifle competitions announced that they’d be allowing the use of riflescopes, with a 4.5 magnification maximum, consumers immediately turned to us for a solution”, said Vici Peters, product line manager for Leupold & Stevens, Inc. “The VX-4.5HD delivers everything a Service Rifle competitor could want out of their optic, and is available with reticles that have been built to drive winning scores.”

VX-4.5HD Pricing vs. The Competition
With a base MSRP of $1820.00 and $1400 street price, this new Leupold is way more expensive than the 1-4x24mm $495.00 Konus XTC-30 Service Rifle scope. However, the Leupold’s street price undercuts the $1892.00 Nightforce 4.5x24mm Comp Scope by nearly $500.00. The March 1-4.5x24mm scope, at $2461.00 retail, is even more expensive, but the March does offer adjustable parallax, a valuable feature for longer ranges. We wish the new Leupold had adjustable parallax.

Nightforce 4.5X24mm scope
The new Leupold VX-4.5HD competes directly with the Nightforce 4.5x24mm Comp Scope shown above. Both the Leupold and NF lack the adjustable parallax of the March 1-4.5x24mm optic.

Competition Reticles with Smart Illumination Option
Two reticle types will be offered for the Leupold 1-4.5x24mm: 1) Bull-Ring Post; and 2) Illuminated FireDot Bull-Ring. At 4.5 power, the Bull-Ring will nearly be identical in size to the target’s bullseye. As magnification is turned down, the white ring around the bullseye can be adjusted to help center your aim. The FireDot Bull-Ring features MST (Motion Sensor Technology) that automatically deactivates illumination after 5 minutes of inactivity, and reactivates it when movement is detected.

More Affordable Options from Leupold
Interestingly, Leupold currently offers many other scopes that could be used for Service Rifle competition. Here are three that all cost much less than the VX-4.5HD:

1. VX-R Patrol 1.25-4x20mm, $779.99 MSRP
2. Mark AR Mod 1.5-4x20mm, $389.99 MSRP
3. VX Freedom 1.5-4x20mm, $259.99 MSRP

NOTE: None of the above Leupold scopes offer HD glass, and max magnification is 4X. If you want the 4.5X and premium lenses you have to pony up a lot more cash.

The new VX-4.5HD features a scratch-resistant Guard-Ion rain shedding coating. This scope also has Leupold’s proprietary Twilight Max HD Light Management System, which helps in low-light conditions, and also eliminates the image “wash-out” from direct sunlight. The VX-4.5HD is designed, machined, and assembled in the USA and backed by Leupold’s Full Lifetime Guarantee.

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May 18th, 2018

Remington Emerges From Chapter 11 Bankruptcy

Remington emerges Chapter 11 Bankruptcy debt shares restructuring

Good news for fans of Big Green — Remington remains a going concern…

On 5/17/2018, Remington Outdoor Company (“Remington”) announced that it has emerged from Chapter 11 after successfully implementing the reorganization plan recently approved by the Delaware Bankruptcy Court. Basically, the bankruptcy proceeding has converted debt into equity allowing Remington to move forward with significantly reduced debt load and associated interest costs.

“The Plan provides a comprehensive balance sheet restructuring of the Company and converts over $775 million of the Company’s debt into equity,” stated the Remington press release.

“In addition, the Plan provides the Company with a new Asset Based Loan (“ABL”) facility of $193 million, the proceeds of which will refinance its prior ABL facility in full, a new $55 million First-In, Last-Out Term Loan and a new $100 million Term Loan.” The Plan received support from over 97% of the voting Term Loan Lenders and all of the voting Third Lien Noteholders.

“It is morning in Remington country,” said Anthony Acitelli, Chief Executive Officer of Remington. Mr. Acitelli continued, “We are excited about the future — producing quality products, serving our customers, and providing good jobs for our employees.”

Old Shared Cancelled, New Shares Issued to Previous Lenders
The bankruptcy essentially extinguished old Remington stock shares and replaced them with new shares: “As provided in the Plan, all shares of Remington’s common stock issued prior to the commencement of Remington’s bankruptcy proceeding were cancelled upon emergence, and Remington has issued new shares of common stock and, in some cases, warrants, to the holders of its previously outstanding funded debt in return for their allowed claims against Remington.”

Remington Has a Storied History
Founded in 1816 by Eliphalet Remington in New York, Remington is the oldest continuously-operating gun manufacturer in the United States. Even with its present difficulties, Remington still sells more sporting rifles and shotguns than any other American company. Remington has developed more cartridges than any other U.S. company. And it is the only American company that sells firearms AND ammunition under its own name.

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