Revlon to sell $400 million high-yield notes via Citigroup, JP Morgan

By Paul A. Harris and Sara Rosenberg

St. Louis, April 19 - Revlon Consumer Products Corp. plans to sell $400 million of new senior unsecured notes, the company said in a news release Monday.

Citigroup and JP Morgan will be the bookrunners on the Rule 144A offering.

The company will also obtain a new $680 million credit facility.

Proceeds will be used to fund the tender for the company's 12% senior secured notes due 2005, its 8 1/8% senior notes due 2006, and its 9% senior notes due 2006.

The tender offer expires on May 14.

No timing or note structure were announced in the news release. And the company, a subsidiary of New York City-based Revlon Inc., did not return a telephone call from Prospect News.

© 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.