Revlon, Inc. (0A7T.L)
| Previous close | 1.1900 |
| Open | 0.0000 |
| Bid | 0.0000 x N/A |
| Ask | 0.0000 x N/A |
| Day's range | 0.0000 - 0.0000 |
| 52-week range | |
| Volume | |
| Avg. volume | N/A |
| Market cap | N/A |
| Beta (5Y monthly) | 1.92 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -11.5910 |
| Earnings date | 03 Nov 2022 - 07 Nov 2022 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Bloomberg
From Revlon to Serta, Hedge Funds Take Fight Over Distressed Deals to Court
(Bloomberg) -- As more companies tumble into distress and seek emergency financing from a few of their debtholders, they are increasingly triggering lawsuits from other investors who say they were hurt by the transactions.Most Read from BloombergDisney Shares Jump on Optimism Over Iger’s Surprise ReturnSwedish Housing Is Now in the Worst Rout Since the 1990sMalaysia Latest: Parties Race to Form Government Before DeadlineUS Stocks Drop With Fed Policy, China in Focus: Markets WrapMalaysia Latest:
- Reuters
Citigroup, funds in talks to end lawsuit over errant $500 million Revlon payment
Citigroup Inc is in talks to end litigation against hedge funds and investment firms that it mistakenly paid about $500 million on a loan owed by Revlon Inc, billionaire Ronald Perelman's now-bankrupt cosmetics company. Both sides had been expected to apprise U.S. District Judge Jesse Furman in Manhattan on their next steps in the case by Nov. 10. In a letter filed on Thursday in Manhattan federal court, their lawyers requested a three-week extension to Dec. 1 to "allow the parties to continue discussions that would avoid the need for further court involvement."
- Reuters
Revlon creditors challenge 2020 loan transactions
Some of Revlon's creditors have asked a U.S. bankruptcy judge in Manhattan to unwind the bankrupt cosmetic giant's 2020 loan restructuring, saying that a group of senior lenders fleeced other creditors by improperly laying claim to the company's valuable intellectual property assets. The creditors, including Brigade Capital and Nuveen Asset Management, in a court filing late Monday accused a separate faction of lenders, known as the Brandco lenders, of exerting enormous leverage over Revlon's bankruptcy proceedings based on "sham" loan transactions made in 2019 and 2020.
