Revlon gets lender OK on loan amendment to allow notes refinancing

By Sara Rosenberg

New York, Nov. 9 - Revlon Consumer Products Corp. received consents to amend its credit facility, permitting the refinancing of its 9.5% senior notes due April 2011 on a secured basis, according to an 8-K filed with the Securities and Exchange Commission on Monday.

Citigroup led the amendment.

As a result of the amendment passing, the company commenced a cash tender offer that will expire on Dec. 7 for the 9.5% notes.

To fund the tender, the company plans to sell $330 million of senior secured notes due 2015.

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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