secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-07-14T23:59:59+00:00
Accession:  0001193125-23-186860
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty completes $2.0B revolving credit facility refinancing, extends maturity to 2028
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- Refinanced existing $2.0B revolver with $1.67B tranche (USD/other currencies) and €300M tranche (EUR).
- New revolving credit facility matures in July 2028, extending from prior maturity.
- Credit spread adjustment of 0.10% for SOFR loans under the new facility.
- CFO Laurent Mercier says oversubscribed refinancing extends debt maturity profile.
- Added Fitch as rating agency for determining interest rates and fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523186860/0001193125-23-186860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523186860/d531361d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-186860

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