Coty prices €500M of 4.500% senior secured notes due 2027 to refinance existing debt

COTY INC.

Issued €500M aggregate principal amount of 4.500% Senior Secured Notes due 2027.
Net proceeds to redeem all outstanding 6.500% Senior Notes due 2026 at par.
Also to repay a portion of revolving credit facility borrowings without reducing commitment.
Offering expected to close on May 30, 2024, subject to customary conditions.
Notes are senior secured; collateral security will be released upon reaching investment grade ratings from 2 of 3 agencies.

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