secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2024-05-22T23:59:59+00:00
Accession:  0001193125-24-145026
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312524145026/0001193125-24-145026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312524145026/d768675d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-145026

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