Revlon Consumer Products starts roadshow for $250 million of four-year notes

By Paul A. Harris

St. Louis, Mo., Nov. 13 - Revlon Consumer Products Corp. began the roadshow Tuesday for its offering of $250 million of senior subordinated notes due 2005 (B-), syndicate sources told Prospect News.

Salomon Smith Barney is the bookrunner. Bear Stearns & Co. and Lehman Brothers are co-managers, the source said.

Pricing is expected Nov. 19 or 20, the source added.

The Rule 144A notes are non-callable for four years. There is no equity clawback.

Proceeds will be used to repay bank debt, the source said.

A Nov. 7 press release stated that the company expects that the senior secured notes will be secured on a second priority basis by substantially the same collateral that secures Revlon's existing credit agreement and is expected to secure the amended and restated credit agreement.

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