Justin Sullivan/Getty Images News
Revlon (OTCPK:REVRQ) has resolved disputes with lenders and reached a settlement on Tuesday.
Under the terms of the agreement, Revlon has received commitments of $670 million in new equity capital. Following the settlement, Revlon’s lawyers project the cosmetics company could emerge from bankruptcy in April. The company had previously targeted April 17 as a date when the company could exit Chapter 11 protection.
Read Seeking Alpha contributor WYCO Researcher’s most skeptical take on the prospects for an April exit from bankruptcy.