secwatch.observer — SEC 8-K summary
======================================

Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-09-12T23:59:59+00:00
Accession:  0001193125-23-233559
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- €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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523233559/0001193125-23-233559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523233559/d426088d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-233559

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer