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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by DAILYCALLER.COM:

Revlon voluntarily filed for Chapter 11 bankruptcy protection in the Southern District of New York.

The cosmetics company expects to receive $575 million in debtor-in-possession financing upon court approval, according to a statement issued Thursday on the investors section of its website. The hope is that the move will allow Revlon to “strategically reorganize” to improve the company’s long-term outlook, the statement noted.

The article goes on to state the following:

Assets and liabilities between $1 billion and $10 billion were listed in a court filing Wednesday, according to Reuters.

To get more information about this article, please visit DAILYCALLER.COM.

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