Citi and revlon
WebAug 11, 2024 · Citibank, which was acting as the cosmetic company Revlon’s loan agent, intended to send $8 million in interest payments to Revlon’s lenders. Instead, Citibank accidentally wired a total of ... WebJun 20, 2024 · In August 2024, Citigroup mistakenly used its own money to repay a $900mn term loan it administered on behalf of Revlon that was held by multiple asset management groups. Holders of $400mn of the ...
Citi and revlon
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WebSep 29, 2024 · The case stemmed from New York-based Citigroup’s August 2024 prepayment of an $894-million loan for Revlon, which lacked enough cash to repay it, that was not due until 2024. Lawyer Neal Katyal ... WebMay 12, 2024 · The dispute stems from a mistake in August in which Citi paid off—with its own money—a nearly $900 million loan balance owed by Revlon, when only an interest payment was due. Lenders to Revlon ...
WebSep 8, 2024 · A U.S. appeals court has ruled in favor of Citigroup in the bank’s effort to recoup about $500 million of its own money that it unintentionally wired to leaders at Revlon. In a 3-0 decision, a ... WebSep 12, 2024 · As agent, Citibank was supposed to receive loan payments from Revlon and then properly distribute them to the lenders in the group. In August 2024, Revlon paid Citibank a few million dollars to ...
WebJul 24, 2024 · Last year, Citibank accidentally sent $900 million to lenders of the makeup company, Revlon. Mistaken payments happen all the time in finance, and it's sort of understood that the thing to do is ... WebFeb 18, 2024 · New York CNN Business —. Citigroup lost a court battle Tuesday to claw back $504 million it mistakenly wired to Revlon’s lenders in August. But don’t get your hopes up that you could keep a ...
Web— the amounts of principal and interest that Revlon owed on the loan to its lenders. The question in this case is whether Citibank is entitled to get the money back or whether the lenders are allowed to keep it. Case 1:20-cv-06539 …
WebFeb 16, 2024 · Citigroup cannot recoup Revlon payouts after nearly $900 mln gaffe -U.S. judge By Reuters and Jonathan Stempel [1/3] The logo of Citi bank is pictured at an exhibition hall in Bangkok, Thailand ... cystoagaricus trisulphuratusWebSep 9, 2024 · In August 2024, Citi accidentally sent Revlon lenders — including Brigade Capital Management, Symphony Asset Management, and HPS Investment Partners — … cyst next to ovary ultrasoundWebFeb 16, 2024 · Citi, which was acting as an administrator for Revlon's 2016 loans, was supposed to send $7.8m in interest payments on behalf of the firm. Instead, last August, it wired nearly $900m to the firm's ... cyst not healingWebJun 12, 2024 · Some lenders gave the money back to Citi, but others kept roughly $500 million of the accidental payment. FINANCIER RONALD O. PERELMAN LISTS 9-ACRE HAMPTONS ESTATE FOR $115M cyst next to vaginaWebFeb 16, 2024 · Citi had intended to make a small interest payment on Revlon’s behalf but instead repaid the loan in full. And some of the lenders — who had sued Revlon and Citi seeking repayment of the loan ... cyst next to spineWebJul 24, 2024 · Last year, Citibank accidentally sent $900 million to lenders of the makeup company, Revlon. Mistaken payments happen all the time in finance, and it's sort of … cystoathyrium chinense chingWebSep 12, 2024 · In 2016, Revlon Inc. borrowed money from some banks and hedge funds. Citigroup Inc. was the administrative agent on the loan, in charge of doing stuff like forwarding payments from Revlon to the ... binding kinetics survey of the drugged kinome