Paintball Empire Goes Bankrupt With Plans to Sell Assets

A court-appointed receiver plans to sell paintball equipment makers G.I. Sportz and Tippmann Sports after they defaulted on $29 million of debt. Quebec-based G.I. Sportz, identified in Canadian documents last year as the largest global manufacturer and distributor of paintball-related products, has “no ability to repay” the $29 million it owes under a credit agreement, […]

from The Seattle Times World – The Seattle Times https://ift.tt/3k6lHwf