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.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
