BRIEF-Revlon Emerges From Chapter 11 Reorganization

Reuters

2023-05-03

May 2 (Reuters) - Revlon Inc :

* REVLON EMERGES FROM CHAPTER 11 REORGANIZATION

* REVLON INC - EXITS CHAPTER 11 WITH SIGNIFICANTLY SIMPLIFIED CAPITAL STRUCTURE THAT WILL SUPPORT COMPANY'S NEXT PHASE OF GROWTH

* REVLON INC - SIGNIFICANTLY SIMPLIFIED ITS CAPITAL STRUCTURE BY ELIMINATING MORE THAN $2.7 BILLION IN DEBT FROM ITS BALANCE SHEET

* REVLON INC - HAS APPROXIMATELY $236 MILLION OF LIQUIDITY

* REVLON INC - APPROXIMATELY $1.5 BILLION OF DEBT OUTSTANDING

* REVLON INC - PRELIMINARY Q1 NET SALES $490 MILLION

* REVLON INC - MAJORITY OF COMPANY'S REORGANIZED EQUITY IS NOW OWNED BY ITS FORMER LENDERS

* REVLON INC - PRELIMINARY Q1 RECURRING EBITDA WAS $77 MILLION

* REVLON INC - PRELIM Q1 OPERATING INCOME WAS $51 MILLION

* REVLON INC - NEWLY REORGANIZED COMPANY IS NAMED "REVLON GROUP HOLDINGS LLC."

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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