Revlon is in post-confirmation administration, with the operating restructuring already effective and the remaining docket centered on liquidating-trust reporting, residual claim administration, and enforcement of plan protections. The reorganized debtor’s latest quarterly report says the plan became effective on May 2, 2023, the Chapter 11 case remains open, and no final-decree timing can yet be predicted in the Post-Confirmation ReportDkt. 1411.
The case grew out of a highly levered capital structure anchored by roughly $3.18 billion of funded debt, including 2016 term loans, 2020 BrandCo first-, second-, and third-lien facilities, Tranche B ABL term loans, and 6.25% senior notes. Those prepetition facilities put core Revlon brand collateral and intellectual-property value at the center of the restructuring, while adversary litigation challenged lien priority, subordination, and related intercreditor issues in the BrandCo lender complaintDkt. 1 and Revlon’s answer and counterclaimsDkt. 22.
The confirmed plan path has now shifted from balance-sheet restructuring to implementation mechanics. In late 2025, RML, LLC moved to enforce the plan injunction and confirmation order against a plaintiff pursuing hair-straightening claims after the applicable bar date, seeking dismissal of the noncompliant action and preserving the reorganized debtors’ ability to seek sanctions if the injunction was not honored in the Plan Injunction enforcement motionDkt. 1367. Recent filings also show continuing trust administration: the GUC Trust reported 2025 year-end cash and equivalents of $14.3 million, preference-claim recoveries still being pursued, and claim distributions during the year in the , while the talc personal injury liquidating trust filed separate special-purpose financial statements in the .
