Revlon repurchased $8.6 million of 9½% senior notes in third quarter

By Marisa Wong

Milwaukee, Oct. 29 - Revlon Consumer Products Corp. used $8.2 million to buy back $8.6 million of its 9½% senior notes due 2011 during the third quarter of 2009, according to a 10-Q filing with the Securities and Exchange Commission.

The company paid an additional $400,000 for accrued interest.

In the first nine months of 2009, Revlon used a total of $31 million to repurchase $39.5 million of the notes and paid an addition $1.7 million for accrued interest.

As a result of these repurchases, the company recorded a gain of $300,000 during the third quarter and a gain of $7.8 million during the first nine months of 2009.

At Sept. 30, the company had $350.5 million of the notes outstanding, according to the filing.

Revlon said it may seek to acquire more of the notes in the open market.

The company makes cosmetics and other personal care products and is based in New York.

© 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.