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Revlon Offers to Buy Back $555 Million of Notes

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By: TOM BRANNA

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Cosmetics maker Revlon Inc. said it has begun a cash offer to buy back about $555 million of notes as part of its plan to cut interest costs and extend debt maturities. The buyback offer includes the company’s $363.0 million of 12% senior secured notes due 2005, its $116.2 million of 8.125% senior notes due 2006, and its $75.5 million of 9% senior notes due 2006.Revlon said in connection with, and as a condition to the tender offers, its wholly-owned subsidiary, Revlon Consumer Products Co...

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