July 23, 2014 3:51 PM ET

Personal Products

Company Overview of Revlon Consumer Products Corp.

Company Overview

Revlon Consumer Products Corporation manufactures, markets, and sells beauty and personal care products worldwide. Its cosmetic products include foundation, powder, blush, and concealer items for face makeup; lipsticks, lip glosses, and lip liners; mascaras, eyeliners, eye shadows, and brow products for eye makeup; and nail color and nail care lines. The company’s beauty tools comprise nail, eye, and manicure and pedicure grooming tools, as well as eye lash curlers and makeup brushes; and fragrances include perfumes, eau de toilettes, colognes, and body sprays. It markets cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; hair color and hair care products under the Revlon ...

237 Park Avenue

New York, NY 10017

United States

Founded in 1932

6,900 Employees

Phone:

212-527-4000

Key Executives for Revlon Consumer Products Corp.

Chief Executive Officer
Age: 45
Chief Financial Officer
Age: 49
Chief Operating Officer and Executive Vice President
Age: 53
Chief Accounting Officer
Age: 41
Executive Vice President and General Counsel
Compensation as of Fiscal Year 2014.

Revlon Consumer Products Corp. Key Developments

Revlon Consumer Products Corporation Enters into Amendment to Term Loan Agreement

On February 26, 2014, Revlon Consumer Products Corporation (RCPC) entered into an amendment to RCPC's Term Loan Agreement, among RCPC, as borrower, a syndicate of lenders and Citicorp USA Inc. as administrative agent and collateral agent. The February 2014 Term Loan Amendment reduced the interest rates applicable to the $675 million tranche of term loans under the Term Loan Agreement. After giving effect to such amendment, Eurodollar Loans under the Amended Tranche bear interest at the Eurodollar Rate plus 2.5% per annum, with the Eurodollar Rate not to be less than 0.75% compared to 3.0% and 1.0%, respectively, prior to the February 2014 Term Loan Amendment, while Alternate Base Rate loans under the Amended Tranche bear interest at the Alternate Base Rate plus 1.5%, with the Alternate Base Rate not to be less than 1.75% compared to 2.0% in each case prior to the February 2014 Term Loan Amendment and as each such term is defined in the Term Loan Agreement. RCPC's $700 million tranche of term loans incurred in October 2013 pursuant to the Incremental Amendment and RCPC's existing asset-based, multi-currency revolving credit facility were not amended in connection with the February 2014 Term Loan Amendment.

Robert Kretzman Retires as Executive Vice President of Revlon, Inc. and Revlon Consumer Products Corp

Revlon, Inc. announced that effective on December 31, 2013 Mr. Robert Kretzman retired as Executive Vice President of Revlon, Inc. and Revlon Consumer Products Corporation. Mr. Kretzman will continue to serve as a member of Revlon's Board. Mr. Kretzman's retirement, which he postponed from the originally planned September 30, 2013 retirement date to serve as special advisor to the company's President and Chief Executive Officer and to assist the company with transition matters, was not the result of any disagreement or any issue or concern with the company's accounting, financial reporting or internal control over financial reporting.

Revlon Consumer Products Corp. Enters into Incremental Amendment to its Third Amended and Restated Revolving Credit Agreement

On December 24, 2013, Revlon Consumer Products Corp. entered into an incremental amendment to its Third Amended and Restated Revolving Credit Agreement, dated as of June 16, 2011. Under the terms of the Revolving Loan Amendment, the lenders' commitment to provide borrowings to RCPC and its subsidiary borrowers under the Amended Revolving Credit Facility was increased from $140 million to $175 million. Availability under the Amended Revolving Credit Facility varies based on a borrowing base that is determined by the value of eligible accounts receivable and eligible inventory in the U.S. and the U.K. and eligible real property and equipment in the U.S. from time to time. If the value of the eligible assets is not sufficient to support the $175 million borrowing base under the Amended Revolving Credit Facility, RCPC will not have full access to the Amended Revolving Credit Facility. RCPC's ability to borrow under the Amended Revolving Credit Facility is also conditioned upon the satisfaction of certain conditions precedent and RCPC's compliance with other covenants in the Amended Revolving Credit Agreement. The Revolving Loan Amendment also preserved RCPC's right, under certain circumstances, to request that its borrowing availability under the Amended Revolving Credit Facility be increased by up to an additional $100 million, provided that the lenders are not committed to provide any such additional increase.

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