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Revlon's RCPC completes additional private placement of 9 1/2%

17
Aug '05

Famous cosmetic maker Revlon Inc announced that its wholly-owned subsidiary, Revlon Consumer Products Corporation (RCPC), has completed its previously-announced private placement of $80 million principal amount of additional 9 1/2% Senior Notes due 2011 (the "Notes"), which priced at 95.25% of par.

The Notes constitute a further issuance of, are the same series as, and will vote on any matters submitted to noteholders with, the $310 million principal amount of 9 1/2% Senior Notes due 2011 previously issued by RCPC under an indenture dated as of March 16, 2005.

The net proceeds from the private placement are expected to be used (i) to help fund the Company's previously-announced strategic growth initiatives and for general corporate purposes, and (ii) to pay fees and expenses incurred in connection with this private placement.

The private placement was conducted pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in accordance with Regulation S under the Securities Act.

The issuance of the Notes was not registered under the Securities Act, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor there would any sale of securities mentioned in this press release in any state in which such offer solicitation or sale be unlawful prior to registration or qualification under the securities laws of any such state.

New York based leading company Revlon Consumer Products Corporation is a wholly-owned subsidiary of Revlon, Inc., a worldwide cosmetics, skin care, fragrance, and personal care products company. The Company's vision is to become the world's most dynamic leader in global beauty and skin care.

Revlon Inc

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