debt
confidence high
sentiment neutral
materiality 0.60
Coty prices $900M of 5.600% senior notes due 2031 to refinance near-term debt
COTY INC.
- Coty priced $900M of 5.600% senior notes due 2031; closing expected Oct 15, 2025.
- Proceeds plus cash on hand to redeem all 5.000% senior secured notes due 2026 and part of 3.875% notes due 2026 at par.
- Notes senior unsecured if two of three ratings agencies maintain investment grade; otherwise secured sub guarantee.
- Notes offered only to QIBs/Reg S; not registered under Securities Act.