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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20579
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FORM 8-K
CURRENT REPORT
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Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 17, 1997
(February 21, 1997)
Revlon Worldwide Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-60488 13-3703363
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
625 Madison Avenue, New York, New York 10022
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(212) 527-4000
Not Applicable
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
On March 5, 1997, Revlon Worldwide (Parent) Corporation, the parent
corporation of Revlon Worldwide Corporation (the "Company"), consummated the
previously announced offering of $770 million aggregate principal amount at
maturity of its Senior Secured Discount Notes due 2001 (the "Notes"). As
previously announced, the net proceeds from the offering of the Notes of
approximately $489.5 million, together with funds provided by MacAndrews &
Forbes Holdings Inc., will be contributed to the Company and used to defease
the Company's Senior Secured Discount Notes Due 1998 (the "1998 Notes").
Attached as Exhibit 99.1 hereto and incorporated herein by reference
is the press release, dated February 21, 1997, that announced the offering of
the Notes and the Company's intent to defease the 1998 Notes. The offering of
the Notes was not registered under the Securities Act of 1933, as amended, and
the Notes may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(c) Exhibits.
99.1 Press Release.
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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 WORLDWIDE CORPORATION
Dated: March 17, 1997
By: /s/ Lawrence E. Kreider
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Name: Lawrence E. Kreider
Title: Senior Vice President,
Controller and Chief
Accounting Officer
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EXHIBIT INDEX
Exhibit No. Document
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99.1 Press Release.
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Exhibit 99.1
REVLON WORLDWIDE CORPORATION INTENDS TO DEFEASE
SENIOR SECURED DISCOUNT NOTES DUE 1998
New York, NY-February 21, 1997-Revlon Worldwide Corporation ("Revlon
Worldwide") announced today that it intends to defease its Senior Secured
Discount Notes Due 1998 (the "1998 Notes") with funds obtained through a
capital contribution. The capital contribution will be made by a newly formed
holding company of Revlon Worldwide with the proceeds from the issuance of a
new series of its senior secured discount notes (the "Notes") together with
funds provided by MacAndrews & Forbes Holdings Inc. No sale of Revlon, Inc.
stock is contemplated.
Revlon Worldwide is a holding company whose only significant asset is
approximately 83.1% of the shares (representing approximately 97.4% of the
voting power) of common stock of Revlon, Inc. The offering of the Notes will
not be registered under the Securities Act of 1933, as amended, and the Notes
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements.
Contact: James T. Conroy
212-572-5980
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