SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported):
January 30, 2001 (January 29, 2001)
REVLON CONSUMER PRODUCTS CORPORATION
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-11334 13-3662953
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Identification
Incorporation) No.)
625 Madison Avenue
New York, New York 10022
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (212) 527-4000
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On January 29, 2001, Revlon Consumer Products Corporation ("Products
Corporation") and its bank lenders entered into an amendment of its credit
agreement, effective December 31, 2000 (as amended, the "Credit Agreement"), to
(i) eliminate the interest coverage ratio and leverage ratio covenants for
2001; (ii) add a minimum cumulative EBITDA covenant for each quarter end during
the year 2001; (iii) limit the amount that Products Corporation may spend for
capital expenditures; (iv) permit the sale of certain of Products Corporation's
non-core assets; (v) permit Products Corporation to retain 100% of the Net
Proceeds (as defined in the Credit Agreement) from such asset sales; (vi)
increase the "applicable margin" by 1/2 of 1%; and (vii) require Products
Corporation to provide a mortgage on its facility in Oxford, North Carolina as
security for its obligations under the Credit Agreement.
The registrant attaches as Exhibit 99.1 to, and incorporates by reference
in, this current report on Form 8-K, the Seventh Amendment to the Credit
Agreement.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit No. Description
99.1 Form of Seventh Amendment, dated January 29, 2001, to the Credit
Agreement, among Products Corporation, The Chase Manhattan Bank,
Citibank N.A., Lehman Commercial Paper Inc., Chase Securities
Inc. and the lenders party thereto.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
REVLON CONSUMER PRODUCTS CORPORATION
By:/s/ Laurence Winoker
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Name: Laurence Winoker
Title: Senior Vice President,
Treasurer and Controller
Dated: January 30, 2001
REVLON CONSUMER PRODUCTS CORPORATION
CURRENT REPORT ON FORM 8-K
REPORT DATED JANUARY 30, 2001
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Form of Seventh Amendment, dated January 29, 2001, to the Credit
Agreement, among Products Corporation, The Chase Manhattan Bank,
Citibank N.A., Lehman Commercial Paper Inc., Chase Securities
Inc. and the lenders party thereto.