Colt Defense files for public offering

Shooting Industry, August, 2005

Colt Defense Inc. announced in June it filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock.

According to Colt officials, Banc of America Securities LLC is acting as the sole book-running manager. SG Cowen & Co. LLC is acting as the joint lead manager for the offering and Friedman, Billings, Ramsey & Co. Inc. is acting as the senior co-manager.

In May, Colt Defense completed its acquisition of the Logistics & Defense Division, Diemaco, from Heroux-Devtek Inc. The Diemaco business will now be operated as Colt Canada Corp., a wholly owned subsidiary of Colt.

Colt Canada, based in Kitchener, Ontario, Canada, is a defense contractor that supplies small arms to military and law enforcement agencies. Since 1976, Diemaco has served as Canada's Small Arms Center for Excellence.

For more information, contact Colt Defense LLC at (860) 232-4489, www.colt.com.