Coty Inc. Prices $900 Million of Senior Secured Notes
b'Coty Inc. (NYSE:COTY) (\xe2\x80\x9cCoty\xe2\x80\x9d) today announced the pricing of $900 million of 5.000% senior secured notes due 2026 (the \xe2\x80\x9cNotes\xe2\x80\x9d) (representing an upsize from the previously announced $750 million).
- b'Coty Inc. (NYSE:COTY) (\xe2\x80\x9cCoty\xe2\x80\x9d) today announced the pricing of $900 million of 5.000% senior secured notes due 2026 (the \xe2\x80\x9cNotes\xe2\x80\x9d) (representing an upsize from the previously announced $750 million).
- Coty will receive gross proceeds of $900 million in connection with the offering of the Notes.
- The offering is expected to close on April 21, 2021, subject to customary closing conditions.\nThe Notes will be senior secured obligations of Coty and will be guaranteed on a senior secured basis by each of Coty\xe2\x80\x99s subsidiaries and will be secured by first priority liens on the same collateral that secures Coty\xe2\x80\x99s obligations under its existing senior secured credit facilities.
- These forward-looking statements reflect Coty\xe2\x80\x99s current views with respect to, among other things, Coty\xe2\x80\x99s offering of the Notes and the use of proceeds therefrom.