OTHER NEWS - April 21, 1992
From Times Staff and Wire Reports
Revlon Seeks Credit Line: Revlon Inc. said it is in the process of lining up a $500-million credit line but would not comment on whether the move could be a first step toward taking the cosmetic giant public again. Revlon Senior Vice President James Conroy said the credit line will be used for working capital, essentially replacing an earlier credit agreement established with a variety of banks in 1990. Speculation has been rife for some time that Revlon, burdened with huge debts from its $2.7-billion leveraged buyout in 1985, might go public.
