secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001193125-23-189875
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523189875/0001193125-23-189875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523189875/d516338d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-189875

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