SPRING, TX (June 24, 2025)—WATCHTOWER Firearms is proud to announce that america Chapter Courtroom for the Northern District of Texas, Fort Value Division, has granted ultimate approval for a big quantity of debtor-in-possession (DIP) financing. This monetary assist is substantial and empowers WATCHTOWER Firearms to take care of operational continuity, reinforce the Firm’s place because it strikes ahead in its progress trajectory, and drive it in the direction of a near-term exit from Chapter 11.
The authorized DIP financing shall be used to take care of important enterprise operations, together with the acquisition of supplies and elements vital for manufacturing WATCHTOWER firearms, together with offering top-tier gross sales and repair to prospects. WATCHTOWER Firearms is exploring strategic choices to boost and maximize worth for all its stakeholders.
“WATCHTOWER Firearms is a wonderful firm with nice individuals identified for its high-quality merchandise and well-earned fame for excellence,” acknowledged Jason Colosky, Founder and CEO. “To navigate the present challenges going through the corporate, we decided that decisive motion is critical to re-position and develop the corporate. We’re assured that these steps will place the enterprise for long-term success.
“We wish to thank our prospects, distributors, lenders, and stakeholders for his or her unwavering assist, which displays their confidence in our enterprise and our group. This assist will allow us to navigate swiftly by the court-supervised course of. We stay dedicated to sustaining the best requirements of operational excellence throughout all our merchandise. We’re persevering with our operations with out compromise to our excessive requirements and customer support. The Firm stays devoted to working collaboratively with its stakeholders – workers, prospects, and collectors – to attain a profitable and efficient restructuring end result.”
WATCHTOWER Firearms is devoted to transparency and open communication with all stakeholders because it navigates this restructuring part. The corporate anticipates rising from this course of as a stronger and extra nimble entity, ready to fulfill the evolving wants of its prospects and the market.
About WATCHTOWERWATCHTOWER Firearms, The Subsequent Nice American Firearms Firm, is a veteran-owned firearm manufacturing firm in Spring, Texas. WATCHTOWER is devoted to redefining the firearms manufacturing panorama by innovation, precision, and unwavering give attention to buyer satisfaction. Our numerous vary of merchandise, crafted within the USA, contains navy, civilian, regulation enforcement, and precision firearms, and equipment. Along with shopper markets, WATCHTOWER provides superior firearms to world navy and regulation enforcement markets. All WATCHTOWER Firearms are backed by a lifetime assure, underscoring our dedication to high quality and reliability. Embodying the spirit of American craftsmanship, WATCHTOWER Firearms continues to honor the nation’s legacy in gun making. For extra details about our merchandise and initiatives, go to www.watchtowerfirearms.com
