Revlon to launch $960 million credit facility Monday

By Sara Rosenberg

New York, May 10 - Revlon Inc. is scheduled to hold a bank meeting on Monday afternoon to launch its proposed $960 million credit facility, according to a market source.

Citigroup and JPMorgan are the lead banks on the deal, with Citi the left lead.

The facility consists of a $160 million six-year revolver talked at Libor plus 150 basis points and an $800 million seven-year term loan B talked at Libor plus 300 bps, the source said.

Proceeds will be used to refinance the company's existing credit facility.

Revlon is a New York-based manufacturer, marketer and seller of cosmetics, skincare, fragrances and personal care products.

© 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.