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| Revlon Consumer Products Corporation Intends to Refinance 9-1/2 % Senior Notes Due 1999 |
NEW YORK, Nov. 3 /PRNewswire/ -- Revlon Consumer Products Corporation
("RCPC") announced today that it intends to offer a new series of debt
securities (the "Notes"). The net proceeds of the Notes are intended to be
used to refinance RCPC's $200 million of 9-1/2 % Senior Notes Due 1999
(the "Old Notes"), which become due on June 1, 1999, through open market
purchases or otherwise, and for general corporate purposes. Pending such use,
the net proceeds of the Notes will be used to temporarily repay borrowings
under RCPC's revolving credit facility.
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 refinance the Old Notes. All such forward-looking statements
involve risks and uncertainties. In addition to 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 refinance the Old Notes, as well as other
difficulties in effecting such refinancing.
SOURCE Revlon Consumer Products Corporation
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Company News On-Call:
800-758-5804, ext. 110701
CONTACT:
Press - Nancy Risdon, 212-527-5791 or
Investor Relations - Deena Fishman, 212-527-5230, both of Revlon
