Revlon starts brief roadshow for $205 million six-year notes via Citigroup, Bear Stearns

By Paul A. Harris

St. Louis, March 8 - Revlon Consumer Products Corp. began a brief roadshow Tuesday for its $205 million offering of six-year senior notes (Caa2/CCC), according to a syndicate source.

Pricing is expected on Thursday or Friday.

The notes will be non-callable for three years.

Citigroup has the books for the Rule 144A/Regulation S offering, which will have registration rights. Bear Stearns & Co. and UBS Investment Bank are the co-managers.

Proceeds will be used to retire all of the company's $116.2 million of outstanding 8 1/8% senior notes due 2006 and all $75.5 million of its 9% senior notes due 2006, and a for general corporate purposes. The offer does not constitute a call for the 8 1/8% or the 9% notes.

The prospective issuer is a wholly owned subsidiary of New York City-based Revlon Inc., a worldwide cosmetic, skin care, fragrance, and personal care products company.

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