[PeterPrinciple]

The company plans to receive $575 million in debtor-in-possession financing from its existing lenders, which will allow it to continue operating.

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Money grows on trees...........................

expectations are wonderful things.

[Tallguy]

What the heck is “debtor-in-possession” financing? Sort of sounds like their “accounts payable” was just converted into a “loan” by the bankruptcy court. IOW’s Revlon suppliers are now involuntary lenders?

[PGR88]

The company plans to receive $575 million in debtor-in-possession financing from its existing lenders, which will allow it to continue operating.

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.