Posted on 06/16/2022 5:34:56 AM PDT by Red Badger
And nobody wore lipstick when they had to mask up anyway.
It’s been a while, but the last thing I remember about Revlon in the news had to do with Ellen Degenerate.
Coincidentally, skin care and hair care products are doing better, sales wise.
When you can steal your beauty supplies from Sephora why buy from drugstores?
I think Jeffrey Epstein...
Revlon mentioned.
Companies get a tax break on shrink.
Only people getting screwed are paying customers.
And lip care and color is 2nd from the bottom in declines, that's Revlon's wheelhouse. But it will only decline so much, L'Oreal's tagline is one of the best in the industry; "Because you're worth it"
Seniority
Once a company enters into Chapter 11 bankruptcy and finds a willing lender, it must obtain approval from bankruptcy court. Providing a loan under bankruptcy law provides a lender with much-needed comfort in providing financing to a company in financial distress. DIP financing lenders are given first priority on assets in case of the company’s liquidation, an authorized budget, a market or premium interest rate, and any additional comfort measures that the court or lender believes warrants inclusion. Current lenders usually have to agree to the terms, particularly in taking a back seat to a lien on assets.
Authorized Budget
The approved budget is an important aspect of DIP financing. The “DIP budget” can include a forecast of the company’s receipts, expenses, net cash flow, and outflows for rolling periods. It must also factor in forecasting the timing of payments to vendors, professional fees, seasonal variations in its receipts, and any capital outlays. Once the DIP budget is agreed upon, both parties will agree on the size and structure of the credit facility or loan. This is just a part of the negotiations and legwork necessary to secure DIP financing.
Types of Loans
DIP financing is frequently provided via term loans. Such loans are fully funded throughout the bankruptcy process, which means higher interest costs for the borrower. Formerly, revolving credit facilities were the most utilized method, which allows a borrower to draw down the loan and repay as needed; like a credit card. This allows for more flexibility and therefore the ability to keep interest costs lower, as a borrower can actively manage the amount of the loan borrowed.
The reason creditors will concede in the agreement is that the debt (at least part) is still on the books as an asset for the lender. Write it off now or later, what will they chose?
True, it messed up the mask making it unwearable as well.
One would think with so many identifying as “Trans” these days, there would be a make-up shortage. They’ll need lots of lipstick for all those “pigs”
Between 1 billion and 10 billion? Do they have a bookkeeper?
—
They’re still checking the sofa cushions for loose change.
I didn’t know that!
Revlon had big name spokeswomen back in the day. So did many of the cosmetics companies. Isabella Rosellini for Lancôme, Lauren Hutton for Revlon. Not so much anymore. At least, not names I would recognize.
As for you being a feminist… reminds me of my freshman year at college. In one class the female professor and I were kind of going back and forth about an issue. I can’t remember the specifics but it was getting a bit heated. She angrily asks me “Aren’t you a feminist?” I blithely replied “Nope” just to tick her off. This was way before cancel culture of course.
Feminism died with the trannie movement. It turns out the left likes fake women far more than real women. Women should get used to being sent to the back of the bus as long as they support leftist nonsense. I have a hard time feeling sorry for feminazis though, nasty.
There was nothing feminine about feminism. Just a bunch of womyn angry that they were born without penises.
I've been through these things. Its highly secured debt, from the people (likely a Private Equity firm) who will very likely take over the assets of the company, once the present owners and the debt-holders are wiped-out.
Since the f-word has come up, a short rant...
Deep State is conducting a very real war on women. Killing their businesses, their jobs, their schools, their healthcare, our culture...
Modern feminists are Deep State’s handmaidens, aiding and abetting Deep Stare in its war on women.
There is NOTHING liberating in making women subservient to the State.
I’d argue that Donald Trump, with his policies that got government off the backs of women (and men, too) was the most feminist prez women have ever had.
And I’d love the guy for that alone.
Kamala Harris is a cautionary tale, ladies, on how Deep State likes its women. On their knees and subservient..
But I think more and more of us are getting that, or Deep State wouldn’t have to steal elections.
(/rant)
They need to start manufacturing bruise kits for Hollywood.
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