Four Lessons We Forgot To Learn From Revlon
In a new special report, Xtract Research reviews key features of the Revlon documents that warranted more attention from lenders. Q4 2020 hedge fund letters, conferences and more The Key Features Of The Revlon DocumentsHighlights from the report include: Include a Standalone Sale Leaseback Covenant Just like in the much-maligned J. Crew transaction, after moving the IP assets to the Brandco Subsidiaries, Revlon licensed the IP back. Unlike J. Crew, the Revlon documents included a provision rarely seen in today’s market: a standalone Sale Leaseback covenant. Because sale leaseback transactions ...