on COTY INC (isin : US2220702037)
Coty Inc. Announces Pricing of $900 Million Senior Notes
Coty Inc. has announced the pricing of $900 million in 5.600% Senior Notes due 2031. The notes will be issued by Coty and its subsidiaries HFC Prestige Products and HFC Prestige International U.S. LLC. This issuance follows Coty's previously announced private offering and is expected to close around October 15, 2025, pending customary conditions.
The Notes, for as long as they maintain investment-grade ratings from at least two of three rating agencies, will be senior unsecured obligations of the Issuers without subsidiary guarantees. If the ratings dip below investment-grade, the Notes will receive full senior secured guarantees aligned with Coty's secured credit facilities.
Proceeds will be used to redeem existing secured notes due 2026, supporting debt management efforts. The Notes are offered under Rule 144A and Regulation S, with no registration under the Securities Act.
R. H.
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