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SLR Credit Solutions Agents $130MM Term Loan for Revlon

June 08, 2021, 08:00 AM
Filed Under: Consumer Products

SLR Credit Solutions (“SLR”) announced the closing of a $130,000,000 Senior Secured Last Out Term Loan for Revlon. Founded in 1932, Revlon is a leading global beauty company offering innovative and on trend products in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Elizabeth Arden, Almay, CND and American Crew.

Proceeds from the transaction were used refinance existing debt and provide the Company with enhanced liquidity and flexibility to continue growing the business.

“We are excited about our partnership with SLR Credit Solutions,” said Victoria Dolan, Chief Financial Officer of Revlon. “SLR was able to underwrite a $130,000,000 term loan as part of the recent refinancing process and worked very efficiently with our revolver lender, MidCap Financial, to quickly close the transaction. Their extensive experience in consumer products and ability to work collaboratively with MidCap was instrumental in our decision to work with the SLR team.”

Tyler Harrington, Managing Director of SLR Credit Solutions added, “It was a pleasure to work with the Revlon management team and MidCap Financial to execute this transaction. Revlon successfully navigated a very challenging business environment throughout 2020 and is now well positioned for growth. We look forward to a long term, mutually beneficial partnership.”

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