Global beauty company Revlon Inc. has successfully completed its financial restructuring process and emerged from Chapter 11. The newly reorganized company is named “Revlon Group Holdings LLC.
Simplified Capital Structure & Reduced Debt
Today marks an important moment in Revlons history and evolution. Less than a year after beginning the financial restructuring process, Im proud to say that we are emerging today as a stronger company that is well positioned for long-term growth, said Debra Perelman, Revlons President and Chief Executive Officer.
With approximately $236 million of liquidity, funded through an equity rights offering, a new money senior secured credit facility, and new asset-based loans, Revlon is emerging from Chapter 11 as…
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