COTY INC. (COTY): debt financing — Coty issues €500M 5.750% Senior Secured Notes due 2028

COTY INC.

Aggregate principal €500M, interest 5.75% per annum, maturity September 15, 2028.
Notes are senior secured, pari passu with existing senior secured debt; secured by first priority liens on collateral.
Issuers can redeem on or after September 15, 2025 at specified prices; change of control offer at 101%.
Indenture includes customary covenants that will be suspended upon investment grade ratings from two of three agencies.
Guarantees from subsidiaries that also guarantee existing senior secured credit facilities and notes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

COTY INC. incurred senior notes of €500 million with Deutsche Bank Trust Company Americas at 5.750% maturing September 15, 2028.

Instrument: senior notes
Principal: €500 million
Counterparty: Deutsche Bank Trust Company Americas
Rate: 5.750%
Maturity: September 15, 2028
Event: incurrence

Exact text from the filing

completed its previously announced offering of 5.750% Senior Secured Notes due 2028 in an aggregate principal amount of €500 million

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

COTY INC. entered into Indenture with Deutsche Bank Trust Company Americas, as trustee, registrar and collateral agent and Deutsche Bank AG, London Branch, as paying agent valued at aggregate principal amount of €500 million (effective 2023-09-19).

Action: entry
Agreement: notes offering
Counterparty: Deutsche Bank Trust Company Americas, as trustee, registrar and collateral agent and Deutsche Bank AG, London Branch, as paying agent
Value: aggregate principal amount of €500 million
Effective: 2023-09-19

Exact text from the filing

The Notes were issued pursuant to an indenture, dated as of September 19, 2023 (the “Indenture”), among the Issuers, the Guarantors, Deutsche Bank Trust Company Americas, as trustee (the “Trustee”), registrar and collateral agent and Deutsche Bank AG, London Branch, as paying agent.

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4 debt financings filed in the last 30 days. Browse all debt financings →

COTY INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-237626

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