Shortly before midnight on June 15, 2022, cosmetic giant Revlon, Inc., along with several subsidiaries, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Lead Case No. 22-10760). The company, which cited supply chain disruption and rising inflation as bases for its filing, will pursue a reorganization funded by a proposed $575 million DIP financing from its existing lender base. The company reports $1 billion to $10 billion in both assets and liabilities.
Additionally, the company intends to pursue a CCAA recognition proceeding under Canadian Insolvency law in Ontario with Revlon Inc. acting as the foreign representative.
Cole Schotz does not represent the Debtor in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtor’s counsel.
Cole Schotz’s nationally renowned Bankruptcy & Corporate Restructuring group practices in Delaware, Maryland, New Jersey, New York, and Texas.