Citi experienced intended to make a little fascination payment on Revlon’s behalf but as a substitute repaid the loan in full. And several of the lenders — who experienced sued Revlon and Citi trying to get repayment in the loan — refused to return about $five hundred million.
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“We consider we're entitled towards the resources and can continue to go after a complete Restoration of them,” said Danielle Romero-Apsilos, a Citi spokeswoman.
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It was on the read more list of worst Wall Road mishaps in many years: Citigroup unintentionally wired $900 million final calendar year to a bunch of lenders locked inside of a bitter dispute with the magnificence firm Revlon.
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