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In Brief: Revlon

This article was originally published in The Rose Sheet

Executive Summary

Revlon: Signs $750 mil. credit facility to refinance, "at lower interest rates and on more favorable terms," the company's existing $600 mil. facility, Revlon announced June 3. The new credit agreement will also redeem the firm's 10-7/8% Sinking Fund Debentures, due 2010. Revlon anticipates it will redeem the debentures "on or about" July 15. In connection with the new facility, the company expects to register an extraordinary item in the second quarter (ending June 30) "related to the early extinguishment of debt," Revlon stated...



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