Revlon, Inc. has struck an agreement with a group of unsecured creditors and expects to emerge from Chapter 11 bankruptcy as a privately held company in April after it meets with the US Bankruptcy Court for the Southern District of New York.
Revlon Sees Light Through Bankruptcy Tunnel, Expects to Emerge In April
New York-based Revlon, Inc. expects to emerge from Chapter 11 bankruptcy after a 3 April meeting with the Bankruptcy Court for the Southern District of New York. The firm says it has settled with a group of unsecured creditors and agreed to financial restructuring that should reduce total debt burden by about $2.7bn.
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