secwatch.observer — SEC 8-K summary
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Issuer:     REVLON INC /DE/ (—)
CIK:        0000887921
Form:       8-K
Filed at:   2023-04-04T23:59:59+00:00
Accession:  0001140361-23-016005
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Revlon bankruptcy plan confirmed; common stock canceled; new equity for creditors
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887921/000114036123016005/0001140361-23-016005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887921/000114036123016005/brhc10050829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-016005

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