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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.