Revlon borrows $375 million in bankruptcy to shore up supply chain ...Middle East

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Revlon borrows $375 million in bankruptcy to shore up supply chain
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Revlon Inc received bankruptcy court approval to borrow $375 million on Friday, saying it would use the funds to shore up supply chain problems that would otherwise imperil the cosmetic maker's sales during the busy Christmas season. U.S. Bankruptcy Judge David Jones in New York approved Revlon's proposed bankruptcy loan on an interim basis after hearing testimony that Revlon was down to $6 million in cash and struggling to fulfill retail customer orders.

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