secwatch.observer — SEC 8-K summary
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Issuer:     COTY INC. (COTY)
CIK:        0001024305
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0001193125-24-150475
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 4.500% senior secured notes due 2027
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- €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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024305/000119312524150475/0001193125-24-150475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024305/000119312524150475/d35471d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-150475

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