MidCap Financial provided a $325 million senior revolving credit facility to Revlon Intermediate Holdings IV in connection with Revlon’s successful emergence from Chapter 11 bankruptcy.
The MidCap Financial credit facility is part of a successful in-court financial restructuring of Revlon, which will support the company’s future growth. Revlon used proceeds from the credit facility to refinance the company’s prior debtor-in-possession credit facility, which MidCap Financial agented, and support Revlon’s ongoing working capital needs.
