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Revlon confirms it has reached a deal to avoid bankruptcy

Published Nov 12 2020 at 3:14 PM GMT
NY Post

NY Post / New York Post @nypost.com

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  • Revlon said Thursday it has closed a debt-exchange with creditors including billionaire Carl Icahn that will save the company from bankruptcy.
  • Confirming an exclusive Wednesday report by The Post, the cosmetics giant controlled by Ron Perelman said early Thursday that it 'does not expect that any bankruptcy or insolvency proceedings will be necessary' after closing.
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  • Published Nov 12, 2020 3:14 PM GMT