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Stock Market & Financial Investment News

News Breaks
February 21, 2013
10:18 EDTREVRevlon subsidiary cuts total outstanding on loan to $675M from $788M
Revlon announced that its wholly-owned operating subsidiary, Revlon Consumer Products Corporation, RCPC, successfully consummated an amendment to its Third Amended and Restated Term Loan Agreement, dated as of May 19, 2011, among RCPC, as borrower, a syndicate of lenders and Citicorp USA as administrative agent and collateral agent. Pursuant to the Amendment, RCPC reduced the total aggregate principal amount outstanding under the 2011 Term Loan Facility from $788M to $675M, using proceeds from RCPC’s recent consummation of its issuance of $500M in aggregate principal amount of 5.75% Senior Notes due 2021, together with cash on hand. The Amendment also reduced the interest rates applicable to the 2011 Term Loan Facility such that Eurodollar Loans bear interest at the Eurodollar Rate plus 3.00% per annum, with the Eurodollar Rate not to be less than 1.00%, compared to 3.50% and 1.25%, respectively, prior to the Amendment. Alternate Base Rate loans bear interest at the Alternate Base Rate plus 2.00%, with the Alternate Base Rate not to be less than 2.00%, compared to 2.50% and 2.25%, respectively, prior to the Amendment. Pursuant to the Amendment, RCPC, under certain circumstances, also has the right to request the 2011 Term Loan Facility be increased by up to the greater of $300M and an amount such that RCPC’s First Lien Secured Leverage Ratio does not exceed 3.50:1.00 compared to $300M prior to the Amendment, provided that the lenders are not committed to provide any such increase. RCPC’s existing asset-based, multi-currency revolving credit facility remains unchanged, the company said.
News For REV From The Last 14 Days
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October 29, 2014
07:46 EDTREVRevlon reports U.S. total company net sales $243.8M
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07:37 EDTREVRevlon reports Q3 EPS from cont. ops 27c, may not compare to one estimate $1.00
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October 28, 2014
15:44 EDTREVNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Southern Company (SO), consensus $1.07; Phillips 66 (PSX), consensus $1.75; Automatic Data Processing (ADP), consensus 60c; Praxair (PX), consensus $1.63; WellPoint (WLP), consensus $2.27; Exelon (EXC), consensus 73c; Eaton (ETN), consensus $1.23; Hess (HES), consensus $1.08; TE Connectivity (TEL), consensus $1.00; McGraw Hill Financial (MHFI), consensus 94c; Waste Management (WM), consensus 68c; Hershey (HSY), consensus $1.08; Ralph Lauren (RL), consensus $2.06; Wisconsin Energy (WEC), consensus 53c; Garmin (GRMN), consensus 71c; Sealed Air (SEE), consensus 46c; DENTSPLY (XRAY), consensus 60c; Goodyear Tire (GT), consensus 70c; Revlon (REV), one estimate 45c; Booz Allen (BAH), consensus 41c; Carlyle Group (CG), consensus 54c.

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