Revlon Announces Launch of Bondholder Website in Connection with Pending Exchange Offer
October 19 2020 - 4:30PM
Business Wire
Website Accessible at www.RevlonBonds.com
Revlon, Inc. (NYSE: REV) today announced the launch of a
bondholder website in connection with its previously-announced and
pending Exchange Offer and Consent Solicitation (the “Exchange
Offer”) by Revlon Consumer Products Corporation, Revlon, Inc.’s
directly wholly-owned operating subsidiary (“RCPC” or the
“Company”). In the Exchange Offer, RCPC is offering holders
of any and all of the outstanding $344,785,000 aggregate principal
amount of RCPC’s 5.75% Senior Notes due February 15, 2021 (the
“Notes”) the opportunity to exchange their Notes for either
the Cash Consideration or the Mixed Consideration (each as
described 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.
The website can be accessed at: http://www.revlonbonds.com.
The website contains (i) a letter to bondholders, dated October
19, 2020 from the Company, (ii) links to the Offering Memorandum
and certain other related materials and (iii) a list of frequently
asked questions.
The Early Tender Deadline for the Exchange Offer is 5:00 p.m.,
New York City time on Thursday, October 22, 2020. The Exchange
Offer expires at 11:59 p.m., New York City time on Tuesday, October
27, 2020, subject to earlier termination, withdrawal or extension
by the Company in its sole and absolute discretion.
The Company has retained Jefferies LLC to act as the dealer
manager for the Exchange Offer. Global Bondholder Services
Corporation is acting as the Information Agent and Exchange Agent
for the Exchange Offer. Questions regarding the Exchange Offer
should be directed to Jefferies LLC, 520 Madison Avenue, New York,
New York 10022, Attn: Alvin Ng, or at (212) 336-6677 or
ang2@jefferies.com. Requests for documentation should be directed
to Global Bondholder Services Corporation at (212) 430-3774 (for
banks and brokers) or (866) 470-3900 (for all others) or
contact@gbsc-usa.com.
About Revlon
Revlon has developed a long-standing reputation as a color
authority and beauty trendsetter in the world of color cosmetics
and hair care. Since its breakthrough launch of the first opaque
nail enamel in 1932, Revlon has provided consumers with high
quality product innovation, performance and sophisticated glamour.
In 2016, Revlon acquired the iconic Elizabeth Arden company and its
portfolio of brands, including its leading designer, heritage and
celebrity fragrances. Today, Revlon's diversified portfolio of
brands is sold in approximately 150 countries around the world in
most retail distribution channels, including prestige, salon, mass,
and online. Revlon is among the leading global beauty companies,
with some of the world’s most iconic and desired brands and product
offerings in color cosmetics, skin care, hair color, hair care and
fragrances under brands such as Revlon, Revlon Professional,
Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of
Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears,
Curve, John Varvatos, Christina Aguilera and AllSaints.
Forward-Looking Statements
Statements made in this press release, which are not historical
facts, are forward-looking and are provided pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements speak only as of the date they
are made and the Company undertakes no obligation to publicly
update any forward-looking statement, whether to reflect actual
results of operations; changes in financial condition; changes in
general U.S. or international economic or industry conditions
and/or conditions in the Company’s reportable segments; changes in
estimates, expectations or assumptions; or other circumstances,
conditions, developments and/or events arising after the issuance
of this press release, except for the Company's ongoing obligations
under the U.S. federal securities laws. Forward-looking statements
are subject to known and unknown risks and uncertainties and are
based on preliminary or potentially inaccurate estimates and
assumptions that could cause actual results to differ materially
from those expected or implied by the estimated financial
information. Such forward-looking statements include, among other
things, the Company’s ability to consummate the Exchange Offer and
Consent Solicitation and the Company’s expectations regarding
future liquidity, cash flows, mandatory debt payments and other
expenditures. Actual results may differ materially from the
Company's forward-looking statements for a number of reasons,
including as a result of the risks and other items described in
Revlon’s filings with the SEC, including, without limitation, in
Revlon’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K and amendments thereto, if any,
filed with the SEC during 2019 and 2020 (which may be viewed on the
SEC’s website at http://www.sec.gov or on Revlon, Inc.’s website at
http://www.revloninc.com). Factors other than those referred to
above, such as continuing adverse impacts from the ongoing COVID-19
pandemic, could also cause Revlon’s results to differ materially
from expected results. Additionally, the business and financial
materials and any other statement or disclosure on, or made
available through, Revlon’s website or other websites referenced
herein shall not be incorporated by reference into this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20201019005842/en/
Investor Relations: 212-527-4040 or
Eric.warren@revlon.com
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