Coty prices €500M of 5.75% Senior Secured Notes due 2028 to repay revolver borrowings

COTY INC.

€500M aggregate principal of 5.75% Senior Secured Notes due 2028 priced on Sept 12, 2023.
Expected close Sept 19, 2023; net proceeds to repay revolving credit facility borrowings without commitment reduction.
Notes are senior secured obligations guaranteed by Coty's subsidiaries, with first-priority liens on existing collateral.
Collateral security will be released upon achieving investment grade ratings from two of three ratings agencies.

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