BOSTON–(COMMERCIAL THREAD) – SLR Credit Solutions (“SLR”) announced the closing of a $ 130,000,000 senior secured term loan for Revlon (the “Company”). Founded in 1932, Revlon is a leading global beauty company offering innovative and trendy products in color cosmetics, skin care, hair coloring, hair care and perfumes under brands such as Revlon, Elizabeth Arden, Almay, CND and American Crew.
The proceeds from the transaction were used to refinance existing debt and provide the Company with increased liquidity and flexibility to continue to grow the business.
“We are delighted with our partnership with SLR Credit Solutions,” said Victoria Dolan, Chief Financial Officer of Revlon. “SLR was able to secure a term loan of $ 130,000,000 as part of the recent refinancing process and worked very effectively with our revolver lender, MidCap Financial, to quickly complete the transaction. Their extensive experience in consumer products and their ability to work collaboratively with MidCap were instrumental in our decision to work with the SLR team.
Tyler Harrington, Managing Director of SLR Credit Solutions, added: “It was a pleasure working with the management team of Revlon and MidCap Financial to execute this transaction. Revlon has successfully weathered a very difficult business environment throughout 2020 and is now well positioned for growth. We are looking forward to a long-term and mutually beneficial partnership.
About SLR credit solutions
SLR Credit Solutions (f / k / a Crystal Financial), a holding company of Solar Capital Ltd., is a leading provider of direct private credit focused on the creation, underwriting and management of asset-based finance and cash flow of $ 25 million to $ 125 million to mid-market companies. Since its inception in 2006, its team of experienced and responsive professionals has provided over $ 4 billion in secured debt commitments across a wide range of industries. For more information, please visit www.slrcreditsolutions.com.
Revlon has built a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since the revolutionary launch of the first opaque nail polish in 1932, Revlon has provided consumers with innovative products of high quality, performance and sophisticated glamor. In 2016, Revlon acquired iconic Elizabeth Arden company and its portfolio of brands, including its core designer, heritage and celebrity fragrances. Today, Revlon’s diverse portfolio of brands are sold in approximately 150 countries around the world in most retail distribution channels including prestige, salon, mass and online. Revlon is one of the world’s leading beauty companies, with some of the world’s most iconic and sought-after brands and product offerings in color cosmetics, skin care, hair coloring, hair care. and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos, Christina Aguilera and AllSaints.