Revlon Consumer launches $850 million term loan to investors

By Sara Rosenberg

New York, April 14 – Revlon Consumer Products Corp. held a lender call at 3 p.m. ET on Tuesday to launch an $850 million senior secured first-lien term loan due June 30, 2025, according to a market source.

Price talk on the term loan is Libor plus 1,050 basis points plus 2% PIK, the source said. The term loan is also talked with a 1.5% Libor floor and a par issue price.

The term loan is non-callable for two years, then at 75% of the applicable margin plus adjusted Libor in year three and at 50% of the applicable margin plus adjusted Libor in year four.

Jefferies LLC is the bookrunner on the deal.

Proceeds will be used to refinance existing debt and for general corporate purposes.

Early consents are due at 3 p.m. ET on Thursday and commitments are due no later than 3 p.m. ET on Friday, the source added.

Revlon is a New York-based beauty company.

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