SPRING, TX (June 24, 2025)—WATCHTOWER Firearms is proud to announce that the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division, has granted final approval for a significant amount of debtor-in-possession (DIP) financing. This financial support is substantial and empowers WATCHTOWER Firearms to maintain operational continuity, reinforce the Company’s position as it moves forward in its growth trajectory, and drive it towards a near-term exit from Chapter 11.
The approved DIP financing will be used to maintain essential business operations, including the purchase of materials and parts necessary for manufacturing WATCHTOWER firearms, along with providing top-tier sales and service to customers. WATCHTOWER Firearms is exploring strategic options to enhance and maximize value for all its stakeholders.
“WATCHTOWER Firearms is an excellent company with great people known for its high-quality products and well-earned reputation for excellence,” stated Jason Colosky, Founder and CEO. “To navigate the current challenges facing the company, we determined that decisive action is necessary to re-position and grow the company. We are confident that these steps will position the business for long-term success.
“We want to thank our customers, vendors, lenders, and stakeholders for their unwavering support, which reflects their confidence in our business and our team. This support will enable us to navigate swiftly through the court-supervised process. We remain committed to maintaining the highest standards of operational excellence across all our products. We are continuing our operations without compromise to our high standards and customer service. The Company remains dedicated to working collaboratively with its stakeholders – employees, customers, and creditors – to achieve a successful and effective restructuring outcome.”
WATCHTOWER Firearms is dedicated to transparency and open communication with all stakeholders as it navigates this restructuring phase. The company anticipates emerging from this process as a stronger and more nimble entity, prepared to meet the evolving needs of its customers and the market.
About WATCHTOWER
WATCHTOWER Firearms, The Next Great American Firearms Company, is a veteran-owned firearm manufacturing company in Spring, Texas. WATCHTOWER is dedicated to redefining the firearms manufacturing landscape through innovation, precision, and unwavering focus on customer satisfaction. Our diverse range of products, crafted in the USA, includes military, civilian, law enforcement, and precision firearms, and accessories. In addition to consumer markets, WATCHTOWER supplies superior firearms to global military and law enforcement markets. All WATCHTOWER Firearms are backed by a lifetime guarantee, underscoring our commitment to quality and reliability. Embodying the spirit of American craftsmanship, WATCHTOWER Firearms continues to honor the nation’s legacy in gun making. For more information about our products and initiatives, visit www.watchtowerfirearms.com
Read the full article here
