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: September 26, 2006
(Date of earliest event reported): (September 26, 2006)
Revlon, Inc.
(Exact name of Registrant as specified in its Charter)
Delaware 1-11178 13-3662955
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(State or other jurisdiction (Commission (I.R.S. Employer
of 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 September 25, 2006, Revlon, Inc. ("Revlon"), in a press release, announced
that Revlon Consumer Products Corporation, its wholly owned operating subsidiary
("RCPC" and together with Revlon, the "Company"), would seek an amendment to its
existing bank credit agreement, dated as of July 9, 2004 (as amended by
Amendment No. 1, dated as of February 15, 2006, and Amendment No. 2 dated as of
July 28, 2006, the "Credit Agreement") to add back, for purposes of calculating
the financial covenants, certain charges associated with its discontinuance of
the Vital Radiance brand and its organizational streamlining. On September 26,
2006, RCPC made a presentation to its lenders in connection with seeking such
amendment. Such amendment, if obtained, would enable RCPC to add back to the
Credit Agreement's definition of EBITDA up to $75 million of restructuring
charges, asset impairment charges, inventory write offs and returns costs and
related charges in connection with its discontinuance of the Vital Radiance
brand and its organizational streamlining, as previously announced and disclosed
in a Current Report on Form 8-K filed with the SEC on September 25, 2006, as
well as the senior management changes previously announced on September 18, 2006
and disclosed in a Current Report on Form 8-K filed with the SEC on September
19, 2006. The Company noted that the Credit Agreement amendment is expected to
be consummated in late September 2006, subject to market and other customary
conditions, including receipt of consents from the appropriate lenders, and that
there can be no assurances that this amendment will be consummated.
Forward-Looking Statements
Statements in this Current Report on Form 8-K which are not historical facts,
including statements about the Company's plans, strategies, beliefs and
expectations, 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. Accordingly, except for the Company's
ongoing obligations under the U.S. federal securities laws, the Company does not
intend to update or otherwise revise the forward-looking information to reflect
actual results of operations, changes in financial condition, changes in
estimates, expectations or assumptions, changes in general economic, industry or
cosmetic category conditions or other circumstances arising and/or existing
since the preparation of this Form 8-K or to reflect the occurrence of any
unanticipated events. Such forward-looking statements include, without
limitation, the Company's beliefs, expectations and estimates about RCPC's plans
to secure an amendment to its Credit Agreement and the terms, conditions and
timing of such 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 and the Company's Form 10-Qs and Form 8-Ks that it files with the
SEC during 2006, including this Form 8-K (which may be viewed on the SEC's
website at http://www.sec.gov or on the Company's website at
http://www.revloninc.com), as well as reasons including difficulties, delays or
unanticipated costs or less than expected benefits from, or its inability to
consummate, in whole or in part, the amendment to its Credit Agreement. 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 Form 8-K.
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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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Robert K. Kretzman
Executive Vice President, Chief Legal
Officer, General Counsel and
Secretary
Date: September 26, 2006
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