Overview
Revlon, Inc. (“Revlon” or the “Company”) develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. Revlon was founded in 1932 and is headquartered in New York City. The Company is listed on the New York Stock Exchange under the ticker REV.
Situation
Revlon was seeking a new revolving credit facility and last-out term loan to provide the Company with incremental liquidity.
Solution
SLR Credit Solutions agented a $130,000,000 term loan secured by a first lien, last-out position on the Company’s working capital assets and certain fixed assets.