1) If you're refinancing a loan, you do not pay off the old one until you have the new one. This is not only common sense, but typically before you get the new

1) If you're refinancing a loan, you do not pay off the old one until you have the new one. This is not only common sense, but typically before you get the new loan, you don't have funds to pay off the old one even if you wanted to. 2) Revlon did not make this payment. The payment was made in error by Citibank, and Revlon was not part of it. The conjecture of "Revlon made a bad decision and is now trying to back-track", while technically _possible_ sounds like a conspiracy theory.