Revlon finance
This article was originally published in The Rose Sheet
Executive Summary
Redemption of Revlon Consumer Products Corporation's remaining 12% senior secured notes due 2005 is complete, Revlon announces Aug. 23. Aggregate outstanding principal amount redeemed was $64.5 mil., representing all of the 12% notes outstanding following RCPC's tender offer and consent solicitation for the notes, which was completed in July as part of the company's debt refinancing, Revlon says. Debt refinancing included repurchase of approximately $299 mil. aggregate principal amount of the 12% notes pursuant to the tender offer and a new $960 mil. credit facility. Remaining $64.5 mil. aggregate amount was redeemed for price of $73.5 mil...