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December 16, 2003
By: TOM BRANNA
Editor
Revlon Inc., the debt-laden cosmetics company, said on Tuesday it is looking at ways to strengthen its balance sheet and may issue additional common stock or debt securities in exchange for cash or old debt, according to a Reuters report.The company, which is mostly owned by financier Ronald Perelman’s MacAndrews & Forbes Holdings Inc., also Tuesday said its board approved $125 million of previously announced loans from Perelman’s firm aimed at helping ease its cash crunch....
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