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November 14, 2003
By: TOM BRANNA
Editor
Revlon Inc. today said financier Ronald Perelman’s MacAndrews & Forbes Holdings Inc. has agreed to provide it with up to $125 million to continue operating. The cash infusion comes as the maker of Revlon and Almay cosmetics has nearly exhausted several lines of credit, including funds MacAndrews & Forbes lent it earlier this year.From the end of 2002 until the end of the third quarter, Revlon’s long-term debt grew to $1.86 billion from $1.75 billion.The funding will be in t...
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