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Revlon Inc (REV.N)

REV.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Elizabeth Arden posts Q4 adjusted loss per share $0.58
Wednesday, 10 Aug 2016 04:01pm EDT 

Elizabeth Arden Inc : Elizabeth Arden Inc announces fourth quarter and fiscal year end 2016 results . Q4 GAAP loss per share $0.79 . Q4 adjusted loss per share $0.58 . Q4 sales rose 9.8 percent to $192.7 million . Q4 earnings per share view $-0.78, revenue view $193.8 million -- Thomson Reuters I/B/E/S .Merger with a subsidiary of Revlon Inc announced on June 16, 2016, is still expected to close in 2016.  Full Article

Revlon reports quarterly adjusted earnings of $0.28/share
Friday, 29 Jul 2016 07:36am EDT 

Revlon Inc : Q2 adjusted earnings per share $0.28 . Q2 earnings per share $0.16 . Q2 sales rose 1.3 percent to $488.9 million . "Regarding funding for Elizabeth Arden acquisition, company received a very strong and positive reaction from debt markets" . Says has secured total financing commitments of about $2.7 billion, with favorable terms for the Elizabeth Arden deal .Revlon Inc says is on a growth trajectory to achieve its planned net sales and earnings for 2016.  Full Article

Revlon increases amount of notes offered from $400 mln to $450 mln
Friday, 22 Jul 2016 06:45am EDT 

Revlon Inc : Increasing aggregate principal amount of notes offered from $400 million to $450 million .Revlon announces pricing of $450 million 6.25 pct senior notes due 2024.  Full Article

Revlon announces proposed notes offering
Tuesday, 19 Jul 2016 03:18pm EDT 

Revlon Inc : Revlon inc says its unit is proposing to issue $400 million aggregate principal amount of senior unsecured notes due 2024 . Net proceeds of notes will be held in escrow until satisfaction of various customary conditions . Revlon announces proposed notes offering .Says notes are being issued to finance, in part, company's pending acquisition of Elizabeth Arden, Inc.  Full Article

Revlon presentation - expects total costs of about $60 mln to realize synergies from Elizabeth Arden deal
Monday, 11 Jul 2016 08:30am EDT 

Revlon Inc : Presentation- expects total costs of about $60 million over 4 yrs to realize synergies from deal . Presentation- expects total capital investments of about $70 million over 3 yrs after Elizabeth Arden deal Further company coverage: [REV.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

S&P says Elizabeth Arden ratings placed on creditwatch positive on acquisition by Revlon
Friday, 17 Jun 2016 03:09pm EDT 

S&P :Elizabeth Arden Inc. ratings placed on creditwatch positive on acquisition by Revlon.  Full Article

Moody's reviews Revlon's ratings for downgrade on announcement to acquire Elizabeth Arden
Friday, 17 Jun 2016 02:47pm EDT 

Moody's :Reviews Revlon's Ratings For Downgrade On Announcement To Acquire Arden Full Article

S&P places ratings of Revlon Consumer Products on creditwatch negative on acquisition of Elizabeth Arden
Friday, 17 Jun 2016 02:32pm EDT 

S&P : Revlon Consumer Products Corp. ratings placed on creditwatch negative on acquisition Of Elizabeth Arden . Believe that the acquisition could result in meaningful deterioration of the company's credit measures at closing .Placing ratings on Revlon, including its 'b+' corporate credit rating, on creditwatch with negative implications.  Full Article

Elizabeth Arden to pay Revlon $14 mln if merger is terminated
Friday, 17 Jun 2016 06:28am EDT 

Revlon Inc : Elizabeth Arden must pay co $14 million termination fee if merger is terminated following change of recommendation by its board .Co to pay Elizabeth Arden termination fee of $40 million if merger is terminated because co, Revlon consumer products failed to consummate merger.  Full Article

Revlon to acquire Elizabeth Arden for $14.00 per share in all-cash transaction
Thursday, 16 Jun 2016 05:22pm EDT 

Revlon To Acquire Elizabeth Arden For $14.00 Per Share In All : Deal has enterprise value for elizabeth arden of approximately $870 million. . BofA Merrill lynch and citigroup global markets inc. Have committed approximately $2.6 billion of financing to fund acquisition . Revlon inc says transaction has been unanimously approved by both revlon's and elizabeth arden's boards of directors . Cost synergies of approximately $140 million are expected to be achieved through deal . Revlon inc says for 2016, on a standalone constant currency basis, revlon expects to generate net sales between $2.0 billion and $2.1 billion . Scott beattie is expected to join revlon's board of directors as non-executive vice chairman . Revlon inc says for 12 months ending december 31, 2016, combined company would be expected to have annualized net sales of approximately $3 billion . $420 million on a standalone constant currency basis . Revlon inc says moelis & company served as lead financial advisor to revlon . Transaction includes repayment of elizabeth arden debt and preferred stock . Assuming full realization of about $140 million of expected multi-year synergiescost reductions, adjusted ebitda for combined co would be about $560 million .Cash transaction.  Full Article


Funds target 'unknown' stocks as Wall Street cuts analyst jobs

NEW YORK With a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman Ltd are outpacing hot stocks like Google-parent Alphabet Inc and Visa Inc. Yet few on Wall Street have ever heard of the $412-million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings.