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Revlon plans to repay 5¾% senior notes due 2021 via loan proceeds
By Sarah Lizee
Olympia, Wash., March 9 – Revlon, Inc. subsidiary Revlon Consumer Products Corp. plans to repay in full debt outstanding under its 5¾% senior notes due February 2021 using proceeds from new term loan facilities, according to an 8-K filing with the Securities and Exchange Commission.
The company entered into a binding commitment letter with Jefferies Finance LLC as administrative agent on Monday for up to $850 million of senior secured term loan facilities.
Proceeds will also be used to repay debt under the company’s term credit agreement dated as of Aug. 6, 2019, as well as for general corporate purposes.
Revlon is a New York-based beauty company.
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