Justin Sullivan
Bankrupt Revlon (REVRQ) finally filed their Ch.11 reorganization plan that wipes-out current REVRQ shareholders, but unsecured noteholders are being "gifted", subject to certain conditions, 5-year warrants or cash, which is a pleasant surprise. There still is the possibility of an alternative plan that
Analyst’s Disclosure:I/we have a beneficial long position in the shares of REVRQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am not long REVRQ stock. I am long unsecured Revlon notes.
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