Gun-Accessories Maker Scraps Junk-Bond Sale After ESG Blowback
- Magpul had faced pushback on its debut junk-bond offering
- Proceeds would have paid special dividend to Albion River
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Magpul Industries Corp., a maker of high-capacity magazines and other rifle accessories, has pulled a $250 million debut bond offering, according to a person with knowledge of the matter.
The company, which is owned by private investment firm Albion River, had planned to use proceeds to pay a special dividend and refinance debt.