NEW YORK — Revlon is burning cash even faster than anticipated and the company is expected to seek amendments or waivers from lenders to keep it from falling out of compliance with current credit agreements.

Revlon has already gone through a $100 million loan from owner Ronald Perelman’s MacAndrews & Forbes Holdings Inc. and has drawn the full amount from another MacAndrews till that provided a $40 million to $65 million credit line. Of that $65 million, $25 million was to have been deferred until January 2004.

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