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Revlon, Inc. (NYSE: REV) announced a deal with an ad hoc group of holders of its 5.75% Senior Notes due 2021, facilitating their participation in a pending Exchange Offer and Consent Solicitation. Approximately $94 million of the Notes, or 27.4% of the total outstanding amount, is expected to be tendered. Holders must act by 11:59 p.m. on November 5, 2020, to receive the Early Tender/Consent Fee. The offer will expire on November 10, 2020. Revlon aims to enhance liquidity and manage debt through this initiative.
Revlon, Inc. (NYSE: REV) announced an amendment and extension of its Exchange Offer for approximately $342.8 million in 5.75% Senior Notes due 2021. Holders can opt for Cash Consideration of $325 or Mixed Consideration including new term loans. As of October 22, 2020, about $46.6 million of Notes had been tendered. Notably, the Exchange Offer is now contingent on maintaining As-Adjusted Liquidity of at least $175 million post-exchange. The offer expires on November 10, 2020, and aims to eliminate restrictive covenants from the existing Indenture.
Revlon, Inc. (NYSE: REV) announced the extension of the Early Tender Deadline and Withdrawal Deadline for its Exchange Offer involving $342,785,000 of 5.75% Senior Notes. The New Early Tender Deadline is now October 23, 2020, while the Exchange Offer expires on October 27, 2020. Note holders can exchange their Notes for either Cash Consideration ($325) or Mixed Consideration ($250 in cash plus new loans). As of the previous deadline, about $46.6 million of Notes had been tendered. Jefferies LLC acts as the dealer manager for this offer.
Revlon, Inc. (NYSE: REV) has launched a dedicated bondholder website as part of its planned Exchange Offer and Consent Solicitation. This offer allows holders of $344.8 million of 5.75% Senior Notes due February 15, 2021 to exchange their notes for Cash or Mixed Consideration. The Early Tender Deadline is set for October 22, 2020, while the overall Exchange Offer expires on October 27, 2020. Jefferies LLC is managing the offering, with Global Bondholder Services Corporation serving as the Information and Exchange Agent.
Revlon, Inc. (NYSE: REV) has announced an extension of the Early Tender Deadline and the Withdrawal Deadline for its Exchange Offer regarding $344.8 million of 5.75% Senior Notes due February 2021. The new deadlines are set for October 22, 2020, with the offer expiring on October 27, 2020. Holders of the notes can exchange them for Cash Consideration of up to $325 or Mixed Consideration valued at $250 in cash plus various loans. As of October 13, 2020, approximately $39 million of the notes had been tendered. Jefferies LLC is the dealer manager for this Exchange Offer.
Revlon, Inc. (NYSE: REV) has launched an exchange offer to repurchase its 5.75% Senior Notes due 2021, totaling $344.8 million. Holders can exchange notes for either cash or, if eligible, a combination of cash and new term loans. Eligible holders may receive up to $250 in cash and additional term loans valued at $362.50. The offer expires on October 27, 2020. The company aims to eliminate restrictive covenants in the notes’ Indenture, subject to meeting conditions including a 95% tender threshold and necessary consents from lenders. Jefferies LLC is managing the exchange.
