Revlon amends subordinated loan, pushing out maturity

By Sara Rosenberg

New York, Nov. 14 - Revlon Inc. amended its $107 million senior subordinated term loan with MacAndrews & Forbes, extending the term until the earlier of the completion of an equity rights offering that will be used to repay the debt or Aug. 1, 2010, according to a news release.

Given the current conditions in the capital markets, the company is monitoring the financial markets closely to assess the appropriate timing of the rights offering.

Revlon is a New York-based cosmetics, skin care, fragrance and personal care products company.

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