Ch. 11 Quick Reference: Revlon Inc.

By Vince Sullivan (June 17, 2022, 6:06 p.m. EDT) — Cosmetics maker Revlon Inc. reached Chapter 11 with 50 affiliates on Wednesday, saying supply chain issues have prevented it from meeting demand from consumers. customers and significantly limited its liquidity.

(AP Photo/Elise Amendola, File)

The company plans to engage with creditors in its complex capital structure to reach a restructuring support agreement by November and to obtain confirmation of a Chapter 11 reorganization plan by April 2023.

Reasons for Filing for Chapter 11 Protection

Supply chain issues prevent it from meeting less than 80% of customer demand Tight liquidity under an asset-based lending facility the company needs…

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