Revlon Sees Light Through Bankruptcy Tunnel, Expects to Emerge In April

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.

Senior lenders of the company, who will now own remaining equity, filed a proposed plan of reorganization on 21 February, and a court hearing to confirm the bankruptcy plan is scheduled for 3 April, the New York based