MidCap provides US$400m debtor-in-possession credit facility to Revlon

Our Toronto office acted as Canadian counsel to MidCap Financial Services, LLC,  as administrative agent and collateral agent, in connection with the Chapter 11 proceeding and a debtor-in-possession credit facility in favour of Revlon Consumer Products Corporation. On June 20, Revlon and Elizabeth Arden (Canada) Limited had their Chapter 11 proceedings recognized under the CCAA, following which MidCap entered into a US$400m super priority senior secured debtor-in-possession asset-based loan facility in favour of Revlon.