secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2023-11-22T23:59:59+00:00
Accession:  0001193125-23-282254
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coty prices and accepts $400M in early tender of 2026 notes; prorated at 62% and 48%
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- Aggregate purchase price ~$395M for $150M 6.5% unsecured and $250M 5% secured notes due 2026.
- Unsecured notes tendered $241M vs $150M cap → proration 62%; secured notes tendered $524M vs $250M cap → 48%.
- Total Consideration per $1,000: $1,007.88 (unsecured), $975.22 (secured), includes $30 early tender premium.
- Early settlement on Nov 30, 2023; funded from cash on hand; notes retired and cancelled.
- Tender offers part of Coty’s deleveraging agenda; no further purchases expected after early tender date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523282254/0001193125-23-282254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312523282254/d564108d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-282254

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