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Revlon expected to price $400 million notes backing Elizabeth Arden acquisition on Thursday
By Paul A. Harris
Portland, Ore., July 20 – Revlon Inc. was expected to price $400 million of eight-year senior notes (B3/B+) on Thursday via its wholly owned subsidiary, Revlon Consumer Products Corp., according to a market source.
BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Macquarie Capital and Barclays are managing the Rule 144A and Regulation S offering.
Proceeds will be used to help fund the acquisition of Elizabeth Arden Inc., expected to close by the end of the year.
Revlon is a New York-based consumer products company.
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