Executives at Revlon Inc. said the compa- ny is looking at ways to strengthen its struggling balance sheet. The company may issue additional common stock or debt securities in exchange for cash or old debt.
Revlon, which is mostly owned by Ronald Perelman’s MacAndrews & Forbes Holdings Inc., said in a statement that its board has approved $125 million of previously announced loans from Mr. Perelman’s firm, aimed at helping offset its cash crunch
Revlon May Issue Additional Stock, New Debt
Published November 14, 2005
blog comments powered by Disqus