Cosmetic company Revlon Inc, who filed for Chapter 11 in June, received a U.S. bankruptcy judge’s permission on Monday to proceed with a $1.4 billion loan. Junior creditors had argued that its onerous terms could block their chance to recover anything from the company’s bankruptcy. The Judge ruled Revlon must be allowed to borrow the cash it needs to continue its operations in bankruptcy. $REV shares moves sharply higher on the decision, up over 120% given the significance it had … Continue reading “Revlon gets court approval for $1.4 billion bankruptcy loan”