Published: April 4, 2023 at 8:14 AM ET
Revlon Inc. REVRQ said Tuesday it plans to emerge from Chapter 11 bankruptcy in late April after restructuring its debt. The cosmetics company said it has slashed more than $2.7 billion of debt from its balance sheet, leaving about $1.5 billion in outstanding debt. Revlon emerges with his $285 million in liquidity. It no longer trades as a public company. The bankruptcy court for the Southern District of New York has approved the company’s restructuring plan, the company said. “Our new capital structure and increased liquidity will allow us to continue to revitalize our brand in the market and we look forward to the future…
Revlon Co., Ltd.
REVRQ
said Tuesday it plans to emerge from Chapter 11 bankruptcy in late April after restructuring its debt. The cosmetics company said it has slashed more than $2.7 billion of debt from its balance sheet, leaving about $1.5 billion in outstanding debt. Revlon he appears with $285 million in liquidity. It no longer trades as a public company. The bankruptcy court for the Southern District of New York has approved the company’s restructuring plan, the company said. CEO Debra Perelman said:
