debt
confidence high
sentiment neutral
materiality 0.60
Coty increases tender offer to $300M for 2026 notes; early results fully subscribed
COTY INC.
- Increased cap to $300M from $250M; $476M of $650M outstanding tendered, $300M accepted at 63% proration.
- Total consideration $1,000 per $1k principal plus $30 early tender premium per note accepted.
- Settlement expected on or about December 10, 2024; funded with available cash and other liquidity.
- Withdrawal rights expired; no additional notes will be accepted after the early tender date.
- Transaction continues Coty's deleveraging agenda.