Revlon Announces Certain Modifications to Early Tender Deadline Procedures for Eligible Holders Electing Mixed Consideration

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Oct 08, 2020
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Revlon, Inc. (NYSE: REV) today announced certain modifications to the Early Tender Deadline (as defined below) procedures for Revlon Consumer Products Corporation’s, Revlon, Inc.’s direct wholly-owned operating subsidiary (the “Company”), previously-announced offer to exchange (the “Exchange Offer”) any and all of the Company’s outstanding $344,785,000 aggregate principal amount of 5.75% Senior Notes due 2021 (the “Notes”) for, at the holder’s option, consideration consisting of (i) cash or (ii) if the holder is an Eligible Holder (as defined in the Offering Memorandum), Mixed Consideration (as defined in the Offering Memorandum) on the terms as set forth in the confidential Offering Memorandum and Consent Solicitation Statement (the “Offering Memorandum”), dated September 29, 2020. Concurrently with the Exchange Offer, the Company is soliciting consents (the “Consent Solicitation”) to eliminate substantially all of the restrictive covenants and certain events of default provisions from the Indenture governing the Notes.