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Revlon tenders for all $340.55 million 9½% senior notes due 2011
New York, Nov. 6 - Revlon, Inc. said its subsidiary Revlon Consumer Products Corp. has begun a cash tender offer for its $340.55 million 9½% senior notes due April 2011.
Revlon Consumer Products intends to redeem any notes not bought in the tender offer.
The offer is subject to Revlon Consumer Products receiving proceeds of at least $330 million from a new financing.
Revlon is offering $1,028.75 per $1,000 principal amount for the notes, including an early tender premium of $5.00.
Holders must tender by 5 p.m. ET on Nov. 20 to receive the full amount. After that date they will not receive the early tender premium.
The tender ends at 11:59 p.m. ET on Dec. 7.
Revlon will also pay interest up to but excluding the purchase date.
Citigroup Global Markets Inc. is the dealer manager (800 558-3745 or 212 723-6106). U.S. Bank NA is the depositary and information agent (800 934-6802).
Revlon is a New York-based maker of cosmetics, personal care and beauty products.
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