US EditionRevel's $8M in debt was was foreclosed on, but it might not be dead just yet
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Revel's $8M in debt was was foreclosed on, but it might not be dead just yet
File photo. Weeks after Revel emailed dealers to announce that it was winding down operations, the brand has posted a public announcement on its social media account about the wind-down. The post included new information, most notably that the brand’s secured debt had been foreclosed on by its bank. “We had exhausted every option, but with over $8M in secured debt—coupled with industry-wide challenges—we were forced to begin a wind-down process …
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