UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 17, 2006 (July 17, 2006)
Revlon, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-11178 13-3662955
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
237 Park Avenue
New York, New York 10017
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(Address of Principal Executive Offices) (Zip Code)
(212) 527-4000
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(Registrant's telephone number, including area code)
None
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On July 17, 2006, Revlon, Inc. issued a press release (the "Press Release")
updating its July 12, 2006 announcement that its wholly-owned operating
subsidiary, Revlon Consumer Products Corporation ("RCPC"), is seeking an
amendment to its existing 2004 bank credit agreement to, among other things, add
$75 million to the credit agreement's term loan facility. In such update, Revlon
announced that due to the positive support from the lender group, the proposed
term loan add-on to RCPC's existing $700 million term loan facility would be
increased by an additional $25 million to a total add-on of $100 million.
A copy of the Press Release is attached to this report as Exhibit 99.1 and is
incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
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99.1 Press Release, dated July 17, 2006.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
REVLON, INC.
By: /s/ Robert K. Kretzman
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Name: Robert K. Kretzman
Title: Executive Vice President and
General Counsel
Date: July 17, 2006
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release, dated July 17, 2006.
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Exhibit 99.1
Revlon Announces Upsizing of Term Loan Add-On to Bank Credit Agreement
NEW YORK, July 17, 2006--Revlon, Inc. (NYSE: REV) provided an update to its
recent July 12, 2006 announcement that its wholly-owned operating subsidiary,
Revlon Consumer Products Corporation ("RCPC"), is seeking an amendment to its
2004 bank credit agreement to, among other things, add $75 million to the credit
agreement's term loan facility. Revlon today announced that due to the positive
support from the lender group, the proposed term loan add-on to RCPC's existing
$700 million term loan facility would be increased by an additional $25 million
to a total add-on of $100 million.
The proposed credit agreement amendment described in this press release is
expected to be consummated in late July 2006, subject to market and other
customary conditions, including receipt of consents from the appropriate
lenders. There can be no assurances that this transaction will be consummated.
About Revlon
Revlon is a worldwide cosmetics, skin care, fragrance, and personal care
products company. The Company's vision is to deliver the promise of beauty
through creating and developing the most consumer preferred brands. Websites
featuring current product and promotional information can be reached at
www.revlon.com, www.almay.com, www.vitalradiance.com and www.mitchumman.com.
Corporate and investor relations information can be accessed at
www.revloninc.com. The Company's brands include Revlon(R), Almay(R), Vital
Radiance(R), Ultima(R), Charlie(R), Flex(R), and Mitchum(R).
Forward-Looking Statements
Statements in this press release which are not historical facts, including
statements about plans, strategies, beliefs and expectations of Revlon, Inc. and
RCPC (together, the "Company"), are forward-looking and subject to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements speak only as of the date they are made, and, except
for the Company's ongoing obligations under U.S. federal securities laws, the
Company undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future events or otherwise.
Such forward-looking statements include, without limitation, the Company's
expectations and estimates about future events, including the Company's plans to
secure the proposed amendment to the credit agreement, as well as the terms and
conditions of such proposed amendment. Actual results may differ materially from
such forward-looking statements for a number of reasons, including those set
forth in the Company's filings with the SEC, including the Company's 2005 Annual
Report on Form 10-K, Form 10-Qs and Form 8-Ks filed with the SEC during 2006
(which may be viewed on the SEC's website at http://www.sec.gov or on Revlon,
Inc.'s website at http://www.revloninc.com), as well as difficulties, delays,
unexpected costs or the Company's inability to consummate, in whole or in part,
the proposed amendment to the credit agreement, including due to market
conditions or other factors. Factors other than those listed above could also
cause the Company's results to differ materially from expected results.
Additionally, the business and financial materials and any other statement or
disclosure on, or made available through, the Company's websites or other
websites referenced herein shall not be incorporated by reference into this
release.
CONTACTS: Revlon, Inc.
Investor Relations: or Media:
Maria A. Sceppaguercio, 212-527-5230 Scott Behles, 212-527-4718
SOURCE: Revlon, Inc.