Revlon Inc. said Wednesday that additional bondholders are supporting its debt-restructuring offer but delayed a decision on whether there is enough participation to close the proposed deal and avoid bankruptcy.
The cosmetics company said investors holding nearly 70% of a $343 million bond had offered to participate in a crucial debt exchange. Revlon, backed by billionaire Ron Perelman’s MacAndrews & Forbes Inc., will assess by Friday if the bond swap has enough support to close, the company said.
Revlon…
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