SLR Credit Solutions closed a $130 million senior secured last out term loan for Revlon, which used proceeds from the transaction to refinance existing debt and to provide enhanced liquidity and flexibility.
Founded in 1932, Revlon is a global beauty company offering products under brands such as Revlon, Elizabeth Arden, Almay, CND and American Crew.
“We are excited about our partnership with SLR Credit Solutions,” Victoria Dolan, CFO of Revlon, said. “SLR was able to underwrite a $130 million term loan as part of the recent refinancing process and worked very efficiently with our revolver lender, MidCap Financial, to quickly close the transaction. Their extensive experience in consumer products and ability to work collaboratively with MidCap was instrumental in our decision to work with the SLR team.”
“It was a pleasure to work with the Revlon management team and MidCap Financial to execute this transaction,” Tyler Harrington, managing director of SLR Credit Solutions, said. “Revlon successfully navigated a very challenging business environment throughout 2020 and is now well positioned for growth. We look forward to a long-term, mutually beneficial partnership.”