Revlon Announces Successful Completion of Amendment to 2011 Bank Term Loan Agreement

  Revlon Announces Successful Completion of Amendment to 2011 Bank Term Loan

Business Wire

NEW YORK -- February 21, 2013

Revlon, Inc. (NYSE: REV) today announced that its wholly-owned operating
subsidiary, Revlon Consumer Products Corporation ("RCPC"), successfully
consummated an amendment (the "Amendment") to its Third Amended and Restated
Term Loan Agreement, dated as of May 19, 2011 (as amended, the "2011 Term Loan
Agreement" or the “2011 Term Loan Facility”), among RCPC, as borrower, a
syndicate of lenders and Citicorp USA, Inc. (“CUSA”), as administrative agent
and collateral agent.

Pursuant to the Amendment, RCPC reduced the total aggregate principal amount
outstanding under the 2011 Term Loan Facility from $788 million to $675
million, using proceeds from RCPC’s recent consummation of its issuance of
$500 million in aggregate principal amount of 5.75% Senior Notes due 2021,
together with cash on hand. The Amendment also reduced the interest rates
applicable to the 2011 Term Loan Facility such that Eurodollar Loans bear
interest at the Eurodollar Rate plus 3.00% per annum, with the Eurodollar Rate
not to be less than 1.00% (compared to 3.50% and 1.25%, respectively, prior to
the Amendment), while Alternate Base Rate loans bear interest at the Alternate
Base Rate plus 2.00%, with the Alternate Base Rate not to be less than 2.00%
(compared to 2.50% and 2.25%, respectively, prior to the Amendment) (and as
each such term is defined in the 2011 Term Loan Agreement).

Pursuant to the Amendment, RCPC, under certain circumstances, also has the
right to request the 2011 Term Loan Facility be increased by up to the greater
of (x) $300 million and (y) an amount such that RCPC’s First Lien Secured
Leverage Ratio (as defined in the 2011 Term Loan Agreement) does not exceed
3.50:1.00 (compared to $300 million prior to the Amendment), provided that the
lenders are not committed to provide any such increase.

RCPC’s existing asset-based, multi-currency revolving credit facility remains

About Revlon

Revlon is a global color cosmetics, hair color, beauty tools, fragrances,
skincare, anti-perspirant deodorants and beauty care products company whose
vision is Glamour, Excitement and Innovation through high-quality products at
affordable prices. Revlon® is one of the strongest consumer brand franchises
in the world. Revlon’s global brand portfolio includes Revlon® color
cosmetics, Almay® color cosmetics, SinfulColors® color cosmetics, Pure Ice™
color cosmetics, Revlon ColorSilk® hair color, Revlon® beauty tools, Charlie®
fragrances, Mitchum® anti-perspirant deodorants, and Ultima II® and Gatineau®
skincare. Websites featuring current product and promotional information can
be reached at, and Corporate and
investor relations information can be accessed at


Investor Relations & Media:
Revlon, Inc.
Elise Garofalo, 212-527-5264
Senior Vice President, Treasurer and Investor Relations
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