Distressed Debt Investing

Distressed Debt Investing-Revlon Consumer Products Corp

 

We like Revlon bonds at 6 cents on the dollar.

Revlon has filed for Chapter 11 bankruptcy. Revlon listed assets of $2.3 billion and debts of $3.7 billion. A debtor in possession (DIP) of $575 million has been set up.

Revlon has great brand awareness and should exit bankruptcy as a leaner consumer beauty products company.

We suggest investors review the bankruptcy information as it unfolds to determine the value of the company's unsecured debt.

 

                                                                                                                    

Revlon Consumer Products Corp:

$450 Million- Senior Unsecured Notes

                                                                                                  

6.25 % -Maturity- 8/01/2024-  Price 6

 

 

 

Stephen P. Vlahos

Performance Plus Advisors, Inc.

 

 


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