Revlon Adjusted EBITDA Margin Reconciliation
Liquidity Update
The Company continues to actively monitor its liquidity to ensure it will be able
to operate through its trough liquidity in 2021.
As of September 18, 2020, the Company had approximately $344 million of liquidity,
comprised of:
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Approximately $271 million of unrestricted cash and cash equivalents (with
approximately $79 million held outside the U.S.), plus
Approximately $53 million in available borrowing capacity under the 2016 U.S. ABL
Facility, which had approximately $292 million drawn at such date, plus
Approximately $30 million in available borrowing capacity under the Amended
2019 Senior Line of Credit Facility, which had no borrowings at such date, less
Approximately $10 million of outstanding checks
The Company continues to manage the liquidity situation via proactive dialogue with
customers and vendors and a prioritized cash allocation process
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