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New board and a simplified capital structure designed to support its next phase of growth, say executives.
May 2, 2023
By: Christine Esposito
Editor-in-Chief
Revlon, Inc. has successfully completed the financial restructuring process and has emerged from Chapter 11 positioned for future success and growth. The newly reorganized company, formally announced on May 2, 2023, is named Revlon Group Holdings LLC. 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 a private company. The company says it has signi...
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