Revlon BrandCo $815 million financing
We are advising Revlon’s BrandCo lenders
Davis Polk is advising a group of lenders in connection with an $815 million new term loan facility provided to Revlon, Inc. and certain of its subsidiaries (collectively, “Revlon”). The new term loan facility has the benefit of collateral and guarantees provided by certain existing subsidiaries of Revlon on an equal priority basis with existing indebtedness as well as collateral and guarantees provided by newly established “BrandCo” subsidiaries. The lenders of the new term loan facility are also exchanging certain of their holdings of existing Revlon indebtedness for new indebtedness that is guaranteed by the BrandCo subsidiaries on a second priority basis.
Revlon is a leading global beauty company with a portfolio of iconic brands that transform the lives of women and men around the world. Revlon manufactures and markets color cosmetics, hair color and care, skincare, beauty care and fragrances through a diverse portfolio of more than 15 brands sold in more than 150 countries.
The Davis Polk restructuring team includes partners Eli J. Vonnegut and associate Stephanie Massman. The finance team includes partners Jason Kyrwood and associates Kwesi Larbi-Siaw and Jeff Najjar. The intellectual property team includes partner Frank J. Azzopardi and associate Samantha Lefland. All members of the Davis Polk team are based in the New York office.