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Revlon files for Chapter 11 bankruptcy protection amid heavy debt load
In this photo illustration, the Revlon Cosmetics company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) NEW YORK - Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply chain network and surging costs.The New York-based company said it expects to receive $575 million in financing from its existing lenders, which will allow it to keep its day-to-day operations running.None of Revlon’s international operating subsidiaries are included in the proceedings, except for Canada and the United Kingdom.