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Revlon said Thursday it has closed a debt-exchange with creditors including billionaire Carl Icahn that will save the company from bankruptcy.
Confirming an exclusive Wednesday report by The Post, the
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Revlon’s embattled chairman Ron Perelman has reached a deal with corporate raider Carl Icahn to keep the cosmetics giant out of bankruptcy, The Post has learned.
The terms of the deal
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Revlon is supposed to be known for its vanishing creams, not its disappearing bondholders.
Ron Perelman’s Revlon is in a major tussle with lenders over some $90 million in bonds with mystery owners
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Ron Perelman’s infamous selling spree appears to continue with his palatial Hamptons estate, The Post has learned. The billionaire businessman behind Revlon is entertaining offers for his Hamptons property known as “The Creeks” for around $180 million, sources familiar with the situation said. A Perelman spokeswoman on Friday denied the heavily guarded estate, which sits …
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Ron Perelman has unloaded AM General, the maker of Humvee military jeeps, at a fire-sale price — the latest signal that the billionaire’s finances may be getting desperate, The Post has learned. The 77-year-old philanthropist didn’t disclose a price as his investment firm MacAndrews & Forbes announced AM General’s sale on Wednesday to buyout firm …
Revlon said Thursday it has closed a debt-exchange with creditors including billionaire Carl Icahn that will save the company from bankruptcy. Confirming an exclusive Wednesday report by The Post, the
