Revlon’s Arden Deal Seen Boosting Debt Now, Cutting Costs Later

  • Cost savings will make measure of indebtedness look better
  • Revlon sees expense reductions happening within five years

When Revlon Inc. announced that it was buying Elizabeth Arden Inc. for about $419 million last month, it said the combined company would generate enough cost savings to keep a measure of indebtedness relatively low for a junk-rated borrower. 

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