Oriflame Cosmetics Signs 430 Million Euros of Loans to Refinance
Oriflame Cosmetics S.A., a Luxembourg-based cosmetics maker, said it signed 430 million euros ($606 million) of loans to refinance debt.
The transaction includes a 330 million-euro five-year revolving credit facility and a one-year 100 million-euro line that will be used for general corporate purposes, the company said today in an e-mailed statement.
The new loans replace a 400 million-euro credit due to expire in 2013 that Oriflame arranged in 2009.
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