Matt Levine, Columnist

Citi and Revlon Are in Murky Waters

Also crypto leverage, tax straddles, Musk excuses and universal owners.

June 21, 2022 at 1:46 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Let’s see:

This raises various wild questions. For instance: Who are the creditors on the 2016 term loan, now? There are three main options:

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