Revlon plans loan amendment to exclude some financial covenant charges

By Sara Rosenberg

New York, Feb. 1 - Revlon Inc. plans to seek an amendment to its credit facility, allowing the company to exclude charges from some financial covenants in connection with an organizational realignment, the launch of Vital Radiance and the re-launch of Almay, according to a company news release.

The organizational realignment involves the consolidation of functions within the company's sales, marketing and creative groups, as well as headquarters functions.

Revlon is a New York-based cosmetics, skin care, fragrance and personal care products company.

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