Our Finance Group helps clients navigate the business and legal complexities of novel and multidimensional debt financing transactions. We fully understand the challenges faced by borrowers, investors and lenders throughout a company’s lifecycle, from evolving techniques in acquisition finance to the tensions inherent in distressed situations. We are the firm of choice for the most innovative and complex financing matters, including bespoke structured financings and whole-business securitizations of novel assets and restructurings of multibillion-dollar companies.
Revlon Obtains $200 Million in Financing
- Client News
- August 9, 2019
Practices
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, among others, corporate partners David Carmona, Thomas de la Bastide and Robert Zochowski; tax counsel Todd Hatcher; and intellectual property partner Claudine Meredith-Goujon.