Citi, Revlon Lenders Strike Deal Over $500 Mn Accidental Payment

Ending litigation of more than two years, Citigroup Inc has arrived at an agreement with all 10 Revlon Inc lenders that it has mistakenly paid about $500 million on a loan. As Revlon’s loan agent, Citigroup accidentally used its own money in August 2020 to prematurely pay off an $894 million loan owed by billionaire […]

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