Revlon Says Bankruptcy or Insolvency Proceeding Not Necessary

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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