Over at Dealb%k, I have a new column up about Colt's rather aggressive dual-track exchange offer and prepack.

In short, it involves very little creditor input. Perhaps part of a larger trend of aggressive use of chapter 11 by private equity backed debtors?

And no, I have no idea if Robert Culp is holding a Colt firearm that that picture … but he looks kind of cool, doesn't he?