{"id":19623,"date":"2022-06-16T09:01:52","date_gmt":"2022-06-16T16:01:52","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19623"},"modified":"2022-06-16T09:01:53","modified_gmt":"2022-06-16T16:01:53","slug":"revlon-cosmetics-files-for-chapter-11-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/revlon-cosmetics-files-for-chapter-11-bankruptcy-protection\/","title":{"rendered":"Revlon Cosmetics Files for Chapter 11 Bankruptcy Protection"},"content":{"rendered":"\n<p><strong>Revlon (NYSE: REV)<\/strong>, a multinational cosmetics company, filed for Chapter 11 bankruptcy protection on Wednesday as it deals with continuous supply chain disruptions and its heavy debt load. Furthermore, the company revealed plans to receive USD575 Million in debtor-in-possession financing from its current lender base, which will fund its day to day operations.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cConsumer demand for our products remains strong \u2013 people love our brands, and we continue to have a healthy market position. But our challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand.\u201d<\/p><cite>Revlon Chief Executive Officer Debra Perelman<\/cite><\/blockquote>\n\n\n\n<p>According to court documents, the cosmetics company listed assets amounting to USD2.3 Billion as of April, and debts of USD3.7 Billion. The company is confident that the filing will allow it to \u201cstrategically reorganize\u201d it finances, highlighting \u201cliquidity constraints\u201d pushed by supply chain issues and inflation.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\">Product Available for Decades<\/h5>\n\n\n\n<p>The filing \u201cwill allow Revlon to offer our consumers the iconic products we have delivered for decades, while providing a clearer path for our future growth,\u201d Perelman said in a press release.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large\"><p>\u201cOur challenging capital structure has limited our ability to navigate macro-economic issues in order to meet this demand.\u201d<\/p><cite>Revlon Chief Executive Officer Debra Perelman<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Revlon (NYSE: REV), a multinational cosmetics company, filed for Chapter 11 bankruptcy protection on Wednesday as it deals with continuous supply chain disruptions and its heavy debt load. Furthermore, the company revealed plans to receive USD575 Million in debtor-in-possession financing from its current lender base, which will fund its day to day operations. \u201cConsumer demand&#8230; <a class=\"view-article\" href=\"https:\/\/marketdepth.com\/revlon-cosmetics-files-for-chapter-11-bankruptcy-protection\/\">View Article<\/a>","protected":false},"author":3,"featured_media":19624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,12,16],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revlon Cosmetics Files for Chapter 11 Bankruptcy Protection - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/revlon-cosmetics-files-for-chapter-11-bankruptcy-protection\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revlon Cosmetics Files for Chapter 11 Bankruptcy Protection - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Revlon (NYSE: REV), a multinational cosmetics company, filed for Chapter 11 bankruptcy protection on Wednesday as it deals with continuous supply chain disruptions and its heavy debt load. Furthermore, the company revealed plans to receive USD575 Million in debtor-in-possession financing from its current lender base, which will fund its day to day operations. \u201cConsumer demand... 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