THE WHAT? Revlon’s bonds have soared to the very best since January 2020 following a remodeling of its firm stability sheet, in response to a report by Bloomberg. 

THE DETAILS The wonder big’s 6.25 p.c senior unsecured bonds rose greater than 5 cents on the greenback to 47.25 cents. 

Firm shares additionally elevated to a excessive of US$17.57, earlier than dropping 3.5 p.c to US$16.39.

THE WHY? The file bonds rise adopted Revlon’s refinancing of debt with a $130 million asset-based lending facility.

There are stated to be roughly $450 million notes excellent, with the subsequent coupon fee due in 49 days.