Coty issues €500M 4.500% senior secured notes due 2027

COTY INC.

€500 million aggregate principal of 4.500% Senior Secured Notes due May 15, 2027 issued on May 30, 2024.
Interest payable semi-annually beginning November 15, 2024; notes redeemable at make-whole price until May 15, 2026.
Collateral security will be released if notes obtain investment grade ratings from two of Moody's, S&P, or Fitch.
Change of control trigger requires repurchase at 101% of principal; covenants limit additional debt, dividends, and asset sales.
Issuers include Coty Inc. and wholly-owned subsidiaries HFC Prestige Products and HFC Prestige International U.S.

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