REVLON INC /DE/: going-concern / distress — Revlon bankruptcy plan confirmed; common stock canceled; new equity for creditors

REVLON INC /DE/

Bankruptcy Court confirmed Third Amended Plan on April 3, 2023; effective date targeted on/before April 28, 2023.
Existing Revlon Class A common stock (REVRQ) canceled for no recovery; ~50M new common shares issued to creditors.
2020 Term B-2 Lenders receive 82% of new common stock; 2016 Term Lenders may elect cash or 18% of new stock.
Unsecured notes holders get warrants for 11.75% of new common stock; general unsecured claims receive ~$44M.
Revlon intends to deregister its common stock and cease SEC reporting upon emergence from Chapter 11.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

REVLON INC /DE/ entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2022-06-15).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the Southern District of New York
Petition: 2022-06-15

Exact text from the filing

on June 15, 2022 (the “ Petition Date ”) and June 16, 2022, Revlon, Inc. (“ Revlon ”) and certain subsidiaries, including Revlon Consumer Products Corporation (“ Products Corporation ” and together with Revlon, the “ Company ”) (the chapter 11 filing entities collectively, the “ Debtors ”), filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of New York (the “ Bankruptcy Court ”). The cases (the “ Chapter 11 Cases ”) are being administered under the caption In re Revlon, Inc., et al. (Case No. 22-10760 (DSJ)).

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001140361-23-016005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.