debt
confidence high
sentiment neutral
materiality 0.50
Coty launches private offering of senior notes to refinance 2026 secured notes
COTY INC.
- Proceeds plus cash on hand will redeem all 5.000% senior secured notes due 2026 at par plus accrued interest.
- Proceeds will also redeem a portion of outstanding 3.875% senior secured notes due 2026 at par plus accrued interest.
- Notes will be senior unsecured if investment grade; otherwise become secured and guaranteed by Coty subsidiaries.
- Principal amount, interest rate, and other terms to be determined at pricing; offering subject to market conditions.
- Issuers include Coty Inc., HFC Prestige Products, Inc., and HFC Prestige International U.S. LLC.