Coty prices upsized $750M 6.625% senior secured notes due 2030; proceeds to repay term loan B

COTY INC.

Priced $750M in 6.625% senior secured notes due 2030, upsized from previously announced $600M.
Net proceeds to fully repay USD-denominated Term B credit facility due April 2025 and a pro-rata portion of EUR-denominated loans.
Offering expected to close July 26, 2023; remainder of term loan B targeted for full prepayment by year-end 2023.
Notes secured by first-priority liens on same collateral as existing credit facilities; collateral releases upon two investment-grade ratings.

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