On September 30, 2024, Revlon Intermediate Holdings III (“Revlon”) and certain of its subsidiaries entered into a five-year senior secured asset-based credit agreement (the “Credit Agreement”) with Mitsubishi UFJ Financial Group (“MUFG”), as administrative agent, and the lenders party thereto. The Credit Agreement provides Revlon with a revolving credit facility in an aggregate principal amount of $350 million and replaces Revlon’s current revolving credit agreement entered into with MidCap Financial Trust and other lenders on May 2, 2023, which was terminated on September 30, 2024.

Borrowings under the Credit Agreement will be used for debt refinancing, working capital, and for general corporate purposes.

Ted McCormick, Revlon’s Chief Financial Officer, commented: “We are pleased to have access to additional capital to support our immediate and long-term strategic priorities as well as further bolster our financial position. It is a testament to the strength of our business and its long-term trajectory that we are able to enter into this Credit Agreement with MUFG.”

In addition to MUFG serving as administrative agent, MUFG and Sumitomo Mitsui Banking Corp are joint bookrunners and joint lead arrangers. CIBC Bank USA, Goldman Sachs Bank USA, and HSBC Bank USA, N.A. are co-documentation agents. Other lenders include Siemens Financial Services, Inc. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as lead counsel for Revlon and Otterbourg P.C. served as lead counsel for the lenders.

About Revlon Group Holdings LLC

Revlon Group Holdings LLC (“Revlon”) has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics and hair care. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance and sophisticated glamour. In 2016, Revlon acquired the iconic Elizabeth Arden company and its portfolio of brands, including its leading designer and celebrity fragrances. Today, Revlon's diversified portfolio of brands is sold in approximately 150 countries around the world in most retail distribution channels, including prestige, salon, mass, and online. Revlon is among the leading global beauty companies, with some of the world’s most iconic and desired brands and product offerings in color cosmetics, skin care, hair color, hair care and fragrances under brands such as Revlon, Revlon Professional, Elizabeth Arden, Almay, Mitchum, CND, American Crew, Creme of Nature, Cutex, Juicy Couture, Elizabeth Taylor, Britney Spears, Curve, John Varvatos and Christina Aguilera.

About MUFG and MUFG Americas

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 countries. MUFG has nearly 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to be “the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

MUFG’s Americas operations, including its offices in the U.S., Latin America, and Canada, are primarily organized under MUFG Bank, Ltd. and subsidiaries, and are focused on Global Corporate and Investment Banking, Japanese Corporate Banking, and Global Markets. MUFG is one of the largest foreign banking organizations in the Americas. For locations, banking capabilities and services, career opportunities, and more, visit www.mufgamericas.com.

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