Revlon’s $200 Million Senior Secured Term Loan


Paul, Weiss advised Revlon, Inc. in obtaining a $200 million senior secured term loan from funds managed by global alternative asset manager Ares Management Corporation.

The security for Ares included a pari passu lien over the collateral securing Revlon’s existing credit facilities. In addition, Revlon contributed its intellectual property used in the American Crew business to a bankruptcy-remote special purpose vehicle, and granted a first-priority lien over this intellectual property to Ares as a separate credit support. Revlon will use the net proceeds for general corporate purposes.

The Paul, Weiss team included corporate partners Lawrence Wee (Picture), David Carmona, Thomas de la Bastide and Robert Zochowski; tax counsel Todd Hatcher; and intellectual property partner Claudine Meredith-Goujon.

Involved fees earner: David Carmona – Paul Weiss Rifkind Wharton & Garrison; Thomas de la Bastide – Paul Weiss Rifkind Wharton & Garrison; Todd Hatcher – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; Robert Zochowski – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Revlon Inc.;

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Author: Ambrogio Visconti