MidCap Financial entered into a successor agent appointment and agency transfer agreement pursuant to which MidCap Financial replaced Citibank as the collateral agent and administrative agent for the amended 2016 revolving credit agreement of Revlon Consumer Products, a global beauty company. Concurrently, Revlon and MidCap Financial entered into an amendment which, among other things, enhanced Revlon’s liquidity, provided additional operating flexibility and extended the maturity date of the agreement.
MidCap Financial and Apollo affiliates provided the $270 million tranche A revolving credit facility as tranche A revolving lenders.
