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Revlon Says Bankruptcy or Insolvency Proceeding Not Necessary

Nov. 12, 2020, 12:40 PM

Revlon said it doesn’t expect any bankruptcy or insolvency proceeding will be necessary after about 69% of the principal amount of the notes had been validly tendered into the exchange offer and consent solicitation.

  • The company said as of 11:59 p.m., New York City time, on Tuesday, when the offer expired, about $236 million aggregate principal amount of the Notes had been validly tendered
  • NOTE from Nov. 11: Revlon Nears Creditor Support for Deal to Dodge Bankruptcy

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Luzi Ann Javier in New York at ...