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Revlon Gets $1.52 Billion Debt Commitment for Colomer Purchase

Revlon Inc., the cosmetics maker controlled by financier Ronald Perelman, obtained $1.52 billion of loans to support its $660 million acquisition of beauty-care company The Colomer Group.

Citigroup Inc. is arranging the financing, New York-based Revlon said in a statement distributed by Business Wire today. The transaction includes a $1.375 billion term loan and a $140 million asset-based, multicurrency revolving line of credit, according to a regulatory filing.