(Source: Business Wire)Revlon, Inc. (NYSE: REV) today announced that its wholly-owned operating subsidiary, Revlon Consumer Products Corporation ("RCPC"), has received all of the required lender consents to amend its bank term loan credit agreement and bank revolver credit agreement to permit RCPC to conduct certain refinancing transactions on a variety of terms and conditions, including terms that would permit RCPC to seek to refinance its 9½% Senior Notes due April 2011 (the "Notes") on a secured basis.

Revlon also announced that RCPC has commenced a cash tender offer (the "Tender Offer") to purchase any and all of its Notes, as described below. The Tender Offer is described in an offer to purchase, dated November 6, 2009 and related letter of transmittal (together the "Offering Materials," including any amendments or supplements to the foregoing). RCPC currently intends to redeem Notes not purchased in the Tender Offer. The Tender Offer is conditioned on, among other things, RCPC obtaining financing proceeds of at least $330 million to be used, together with other cash, to pay the Tender Offer Consideration (as defined below).

Upon the terms and subject to the conditions described in the Offering Materials, RCPC is offering to purchase for cash the Notes below:

                                                         Dollars per $1,000 Principal            
                                                         Amount of Notes                         
                                          Aggregate                                              
                                          Principal                      Early                   
                             CUSIP        Amount         Tender Offer    Tender    Total         
 Title of Note               Number       Outstanding    Consideration   Premium   Consideration 
 9?% Senior Notes due 2011   761519 AV9   $340,550,000   $1,023.75       $5.00     $1,028.75     


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The Tender Offer will expire at 11:59 p.m., New York City time, on December 7, 2009, or any other date and time to which RCPC may extend the Tender Offer (the "Expiration Date"), unless earlier terminated.