Revlon to roadshow $400 million seven-year deal via Citigroup

By Paul A. Harris

St. Louis, April 28 - Revlon Consumer Products Corp. will sell $400 million of seven-year senior unsecured notes, according to a company news release.

Citigroup will have the physical books on the Rule 144A offering, according to an informed source who added that joint bookrunners are expected to emerge.

The bond deal will be marketed via a roadshow. However, the source declined to specify dates, stating that timing would emerge soon.

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, and repay bank debt.

The tender offer expires on May 14.

The company is a subsidiary of New York City-based Revlon Inc.

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