The past 3 April, the agency of French news 'Reuters' advanced that this same month, the manufacturer of American cosmetics could go out of the situation of failure in which it finds from the month of June of the past 2022.
As it has explained, a judge of the American Court would have approved a plan of restructuring and reorganisation of Revlon that will allow him a reduction of the debt of 2.7 trillion dollars.
The judge David Jones of Manhattan, who has occupied of the case and has been supervising the failure of the company, explained that Revlon had reached "an agreement multifacético very argued" that resolves a "series of risks that loomed to the company" for the business, including litigios "debilitantes" between his lenders, like this has explained it Reuters.
According to this restructuring, the lenders of Revlon will do with the property of the company in return of the agreement of reduction of the debt, annihilating the value patrimonial of the current shareholders. The company reorganised youene foreseen collect 670 million dollars after going out of the failure by means of the sale of new actions.
This operation sustentará in 88% by the support of 4.500 creditors that have voted in favour of the plan and possess 98% of the debt of the company.