secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-09-19T23:59:59+00:00
Accession:  0001193125-23-237626
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty issues €500M 5.750% Senior Secured Notes due 2028
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523237626/0001193125-23-237626-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523237626/d546694d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-237626

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