Bloomberg Law
Nov. 12, 2020, 12:40 PM

Revlon Says Bankruptcy or Insolvency Proceeding Not Necessary

Luzi Ann Javier
Luzi Ann Javier
Bloomberg News

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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