Sloane & Co. is handling Revlon’s financial restructuring, a bond exchange that the Wall Street Journal says could help it avoid Chapter 11.
The cosmetics company, which has been hard hit by the COVID-19 pandemic, faces a Nov. 13 deadline to complete its bond exchange. If not enough bondholders participate in the program, Revlon may declare bankruptcy.
Debra Perelman, Revlon CEO, called the debt swap deal ”an important step towards strengthening our capital structure and better positions us to focus on our future growth.”
While Revlon is challenged by the pandemic, Perelman said the company “has the right strategy in place and will continue to execute against it.”
Sloane & Co.’s Dan Zacchei and Joe Germani represent Revlon.
Stagwell Group’s SKDKnickerbocker owns Sloane & Co.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
