by Amruth Sundarkumar | Jun 17, 2022 | Distressed / Defaulted Bonds
Struggling American cosmetics major Revlon, has filed for Chapter 11 bankruptcy protection and consequently faces delisting from the New York Stock Exchange. Financial Times notes that this is the consequence of a severe downturn in the beauty industry during the...
by Amruth Sundarkumar | Jun 10, 2021 | Financial News
Debt laden cosmetics maker Revlon’s bonds jumped over 5 points this week with the company reworking its debt load and balance sheet. Revlon secured a $130mn term loan with SLR Credit Solutions underwriting the loan from lender MidCap Financial. Proceeds will be used...
by bondevalue | Feb 17, 2021 | Financial Institutions
A US District in New York ruled that Citigroup would not be allowed to recoup ~$500mn from Revlon lenders that it had erroneously transferred the funds to on August 11 last year. While the court did not dispute that the funds were transferred by mistake and exceeded...
