Revlon Inc., the makeup giant that’s reworking its business and its borrowings, replaced Citigroup Inc. as agent on part of its finances with an affiliate of Apollo Global Management Inc. in the wake of the bank’s $900 million error on a separate loan.
The company tapped MidCap Financial as its collateral and administrative agent to work out a one-year extension into 2024 for its revolver, Revlon said Monday in its first-quarter results. The report included a narrower loss and showed improvement in sales trends coming out of the pandemic, but still missed some estimates, and the shares dropped ...
