Revlon, Inc. (REV) said its wholly-owned operating subsidiary, Revlon Consumer Products Corporation received all of the required lender consents to amend its bank term loan credit agreement and bank revolver credit agreement to permit RCPC to conduct certain refinancing transactions on a variety of terms and conditions, including terms that would permit RCPC to seek to refinance its 91/2% Senior Notes due April 2011 on a secured basis.
Revlon also said that RCPC has commenced a cash tender offer to buy any and all of its Notes. RCPC currently intends to redeem Notes not purchased in the Tender Offer. The Tender Offer is conditioned on RCPC obtaining financing proceeds of at least $330 million to be used, together with other cash, to pay the Tender Offer Consideration. The Tender Offer would expire on December 7, 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.