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Revlon raises capital

This article was originally published in The Rose Sheet

Executive Summary

Cosmetics firm issues $363 mil. in 12% senior secured notes due 2005, Revlon announces. Notes were sold at 96.6% of principal value and proceeds were paid into escrow pending completion of a new credit agreement. Company entered new credit agreement with bank consortium Nov. 30, providing $250 mil. in credit facilities. Net proceeds from offering and credit facility will be used to repay debt, Revlon notes...



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