BofA Merrill, Citi Provide $2.6B to Support Revlon Acquisition

Revlon completed the Elizabeth Arden acquisition. As previously announced, Citigroup Global Markets and Bank of America Merrill Lynch provided financing to support the merger.

BofA Merrill, Citi Commit $2.6B to Support Revlon Acquisition

Revlon will acquire Elizabeth Arden in a deal valued at $870 million. BofA Merrill Lynch and Citigroup Global Markets have committed $2.6 billion to fund the acquisition.

Moody’s Confirms Revlon’s Ba2 Term Loan Rating

Moody’s Investors confirmed Revlon’s Ba3 CFR and Ba2 senior secured term loan rating concluding the downgrade initiated following the company’s announced $660 million debt-funded acquisition of The Colomer Group.