Revlon seeks loan amendment to allow for refinancing of notes

By Sara Rosenberg

New York, Nov. 2 - Revlon Consumer Products Corp. is looking to amend its credit facility to gain permission to do certain refinancing transactions, according to a market source.

The amendment would allow the company to seek the refinancing of its 9.5% senior notes due April 2011 on a secured basis.

There was no lender call held to launch the amendment, the source said.

Consents are due on Wednesday at 5 p.m. ET.

Citigroup is the leading the amendment.

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

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