Revlon, Inc.

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Case overview

Case Number:

1:22-bk-10760

Court:

New York Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

July 28, 2022
Revlon Says Terms For $1.4B Ch. 11 Loan Are Fair

Cosmetics giant Revlon Inc. on Thursday defended its proposed $1.4 billion Chapter 11 financing package from arguments that it was a bad deal for unsecured creditors forced on a company desperate for the cash it needed to stay in operations.
July 22, 2022
Revlon's $15M Ch. 11 Retention Bonus Plan Approved In NY

A $15.4 million key employee bonus plan proposed by bankrupt cosmetics giant Revlon Inc. received approval on Friday in New York after a judge there said he was satisfied the payments served a retentive purpose and were only payable to non-insiders of the debtor.
July 21, 2022
Crypto Dominos Keep Falling, J&J Wants Talc Injunction

Another cryptocurrency player succumbs to marketwide distress, Johnson & Johnson's bankrupt talc unit seeks a pause of talc suits brought by state attorneys general and a $21 million settlement in the liquidation of defunct law firm LeClairRyan is drawing appeals from the bankruptcy watchdog. This is the week in bankruptcy.
July 18, 2022
US Trustee Says Too Little Info On $16M Revlon Bonuses

The U.S. Trustee's Office has asked a New York bankruptcy judge to reject cosmetics giant Revlon Inc.'s request to pay $16.4 million in retention bonuses to its employees, saying it has no way of telling if some beneficiaries would be corporate insiders.
June 21, 2022
Revlon Case Opens, And LATAM Lands Its Ch. 11 Plan

Cosmetics behemoth Revlon Inc. filed for bankruptcy in the midst of a liquidity crisis, a South American airline brings its Chapter 11 plan in for a landing, and the next phase in Puerto Rico's restructuring nears a creditor vote. This is the week in bankruptcy.
June 17, 2022
Revlon Gets Interim Nod On $575M Ch. 11 Loan

Cosmetics giant Revlon Inc. received interim approval on Friday to tap into a $575 million debtor-in-possession loan in its Chapter 11 case, with a New York judge allowing a roll-up of certain prepetition loans.
June 17, 2022
Ch. 11 Cheat Sheet: Revlon Inc.

Cosmetics maker Revlon Inc. hit Chapter 11 along with 50 affiliates, saying supply chain issues have left it unable to meet customer demand and critically constrained its liquidity.
June 16, 2022
Revlon Sees Creditor Conflicts On The Horizon In Ch. 11

Bankrupt cosmetics giant Revlon Inc. previewed some intercreditor disputes that need to be addressed in the early stages of its Chapter 11 case, saying at an initial court appearance in New York on Thursday these issues could impact its efforts to reorganize its nearly $3.7 billion of debt.

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