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Revlon (OTCPK:REVRQ) has settled disputes with lenders, reaching a deal on Tuesday.
Under the phrases of the deal, Revlon has obtained commitments for $670M of recent fairness capital. After the settlement, Revlon legal professionals undertaking the cosmetics firm might exit chapter as quickly as April. The firm had beforehand focused April 17 as a date by which the corporate might exit Chapter 11 safety.
Read Seeking Alpha contributor WYCO Researcher’s extra skeptical tackle the prospects of an April chapter exit.
