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| Revlon Consumer Products Corporation Intends To Redeem 9 3/8% Senior Notes Due 2001 And 10 1/2% Senior Subordinated Notes Due 2003 |
NEW YORK, Jan. 20 /PRNewswire/ -- Revlon Consumer Products Corporation
("RCPC") announced today that it intends to redeem its $260 million of 9 3/8%
Senior Notes Due 2001 and its $555 million of 10 1/2% Senior Subordinated
Notes Due 2003 (together, the "Old Notes"). The redemptions will be funded by
Revlon Escrow Corp., a newly formed subsidiary of an indirect parent of RCPC,
with the proceeds from the sale of a new series of its senior notes and a new
series of its senior subordinated notes (together, the "Notes"). Following
the redemptions, RCPC will assume the obligations of Revlon Escrow Corp. under
the Notes.
RCPC is a wholly owned subsidiary of Revlon, Inc. (NYSE: REV). The
offering of the Notes will not be registered under the Securities Act of 1933,
as amended, and the Notes may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements.
Information in this Press Release includes forward looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements include, without limitation, RCPC's
intention to redeem the Old Notes. All such forward looking statements
involve risks and uncertainties. In addition to the factors that are
described in the SEC filings of RCPC, the following factors could cause actual
results to differ materially from those expressed in the forward looking
statements: difficulties or delays in consummating the sale of the Notes, the
proceeds from which will be used to redeem the Old Notes, as well as other
difficulties in effecting such redemptions.
SOURCE Revlon Consumer Products Corporation
back to topRelated links:
Press: Nancy Risdon, 212-527-5791, or
Investor Relations: Deena S. Fishman, 212-527-5230, both of
Revlon
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
110701
