Revlon Consumer Products to launch $940 million facility on Thursday

By Sara Rosenberg

New York, Feb. 24 - Revlon Consumer Products Corp. is scheduled to hold a bank meeting on Thursday to launch its proposed $940 million credit facility, according to a market source.

Citigroup is the left lead bank on the deal.

The facility consists of a $140 million asset-based revolver and an $800 million term loan, the source said, adding that price talk is not yet available.

Proceeds will be used to refinance the company's existing credit facility, which, at Dec. 31, had $815 million outstanding under the term loan and zero drawn under the revolver.

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

© 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.