Revlon Announces Confirmation of Plan of Reorganization

The U.S. Bankruptcy Court for the Southern District of New York has confirmed Revlon’s plan of reorganization. The plan positions Revlon to emerge from bankruptcy in late April, consistent with the timeline announced at the beginning of the restructuring.

April 5, 2023 Alvarez & Marsal | Debra Perelman | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Revlon Ian Koplin

Revlon Files for Chapter 11 Bankruptcy

Revlon and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

June 17, 2022 Alvarez & Marsal | Debra Perelman | Paul Weiss Rifkind Wharton & Garrison | PJT Partners | Revlon Ian Koplin

SLR Credit Solutions Provides $130MM Term Loan to Revlon

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.

June 8, 2021 Almay | American Crew | CND | Elizabeth Arden | MidCap Financial | Revlon | SLR Credit Solutions | Tyler Harrington | Victoria Dolan Ian Koplin

MidCap Financial and Apollo Provide $270MM Revolver to Revlon

MidCap Financial replaced Citibank as the collateral agent and administrative agent for the amended 2016 revolving credit agreement of Revlon Consumer Products. MidCap Financial and Apollo affiliates provided the $270 million tranche A revolving credit facility as tranche A revolving lenders.

June 1, 2021 Apollo | Citibank | MidCap Financial | Revlon Ian Koplin

Citibank Agents Up to $140MM ABL for Revlon

Revlon Holdings, a wholly owned indirect foreign subsidiary of Revlon Consumer Products, and its subsidiaries entered into an asset-based term loan credit agreement with Citibank as administrative agent.

July 16, 2018 Citibank | Revlon ABF Journal

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.

September 9, 2016 Bank of America Merrill Lynch | Citigroup Global Markets | Elizabeth Arden | Revlon ABF Journal

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.

June 17, 2016 BofA Merrill Lynch | Citigroup Global Markets | Elizabeth Arden | Revlon ABF Journal

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.

August 19, 2013 Moody’s | Revlon ABF Journal