Revlon wants to follow a debt restructuring plan

After his fall in bankrupcity in June of this same year, the American cosmetic giant accumulates big debts

Editorial
27 of December of 2023
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Revlon
Revlon

As it has indicated 'Global Cosmetics Industry' that has been able to know through the agency of news 'Bloomberg', the American cosmetic giant Revlon studies to implement a plan of restructuring of the debt.

This plan would award finally the property to the lenders and would delete to the lenders. As it aims 'Bloomberg', Revlon signed an agreement of support to the restructuring with a group of critical lenders and his official committee of creditors no guaranteeed.

Although in a principle the plan would be to deliver the property to the lenders, in the near future, Revlon contemplates the possibility to sell . As it indicates 'The Industry Beauty' , according to the agreement of restructuring, the company would aspire to collect 650 million dollars in new actions and treat to go out of the process of failure of the Chapter 11 for April of 2023.

Revlon Fell in failure in June of 2022 after confronting problems of the chain of supply and big debts. In this moment, the group said that the presentation would allow him implement a financial restructuring of the structure of capital inherited of Revlon and improve his perspectives on a long-term basis.