Revlon (REV) Shares Move Higher on Bank Loan Amendment
Revlon (NYSE: REV) shares are moving higher after the company filed an 8-K stating that they were seeking amendments to their bank term loan credit agreement and bank loan revolver credit. The amendments would allow Revlon to conduct certain refinancing transactions on a variety of terms and conditions.
Revlon shares are up about 17% to $9.89 in afternoon trading. Shares are also up about 47% for the past three days after the company swung to a Q309 profit.
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