Revlon to get $170 million subordinated term loan

By Sara Rosenberg

New York, Dec. 4 - Revlon Consumer Products Corp. has received a commitment for a $170 million senior subordinated term loan due Aug. 1, 2009, according to a news release.

MacAndrews & Forbes Holdings Inc., the company's majority stockholder, is providing the new loan, which is expected to close and fund on Feb. 1, 2008.

Pricing on the loan is 11% per annum, payable in cash.

Proceeds will be used to repay in full the company's $167.4 million of 8 5/8% senior subordinated notes due Feb. 1, 2008.

Revlon is a New York-based cosmetics, skincare, fragrances, beauty tools, hair color, anti-perspirants/deodorants and personal care products company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.