Fri 06/10/2022 13:14 PM
Revlon is preparing to file chapter 11 as soon as next week as liquidity runs low, according to sources.
As of March 31, the cosmetics retailer
had $132.1 million of available liquidity, consisting of $70 million of unrestricted cash and cash equivalents and $65.1 million in available borrowing capacity under its revolving credit facility, which had $268 million drawn as of the end of the first quarter, less float of about $3 million. On March 31, Revlon said it
amended its ABL and foreign...
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