Coty Inc. to offer Senior Secured Notes



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NEW YORK – (BUSINESS WIRE) – Coty Inc. (NYSE: COTY) (“Coty”) today announced that it, along with its wholly owned subsidiaries, HFC Prestige Products, Inc. and HFC Prestige International US LLC (the “Co-Issuers” and collectively with Coty, the “Issuers”), intend to offer, in a private transaction, up to $ 500 million in aggregate principal of Secured Notes. senior (the “Notes”), subject to market and customary conditions. Interest rates and other key terms of the offer will be determined at the time of pricing.

The Notes will be senior secured obligations of the issuers and will be secured on a senior secured basis by each of Coty’s subsidiaries (other than the co-issuers) that guarantee, and will be secured by first priority liens on the same. collateral which secures, Coty’s obligations under the existing senior secured credit facilities and under the existing senior secured notes. The Bonds and guarantees will be equal in right of payment with all the respective existing and future senior debts of the Issuers and the guarantors and will be effectively pari passu with all respective existing and future indebtedness of the issuers and guarantors that are secured by a first lien on the collateral, including existing senior secured credit facilities and existing senior secured notes, to the extent of the value of this guarantee.

Coty intends to use the net proceeds of the Offer to repay all of the outstanding Euro denominated loans under Coty’s existing senior secured “term A” credit facility and a portion of the amount outstanding as of. under its senior secured revolving credit facility maturing in April 2023 and to pay the related premiums, fees and expenses.

The Notes and related collateral have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities law, and will not will be offered only to persons reasonably considered to be qualified institutional buyers under Rule 144A, and to non-US persons outside the United States in accordance with Regulation S under the Securities Act. Unless so registered, the Securities and associated collateral may not be offered or sold in the United States except as an exemption from the registration requirements of the Securities Act and securities laws of the United States. Applicable states.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to ‘registration or qualification. under the securities laws of such jurisdiction.

About Coty Inc.

Coty is one of the world’s largest beauty companies with an iconic portfolio of fragrance, color cosmetics, and skin and body care brands. Coty is the world leader in perfumes and number three in color cosmetics. Coty markets, sells and distributes the products in approximately 130 countries and territories. Coty and its brands are involved in various social causes and seek to minimize their impact on the environment. For more information on Coty Inc., please visit www.coty.com.

Caution Regarding Forward-Looking Statements

The statements contained in this press release include certain “forward-looking statements” within the meaning of securities laws. These forward-looking statements reflect Coty’s current views regarding, among other things, the offering of the Bonds by the Issuers and the use of the proceeds therefrom. These forward-looking statements are generally identified by words or phrases, such as “anticipate”, “will”, “estimate”, “plan”, “plan”, “expect”, “believe”, “have the intention “,” “foresee”, “foresee”, “will”, “may”, “should”, “prospect”, “continue”, “target”, “aim”, “potential” and similar words or expressions. These statements are based on certain assumptions and estimates that Coty considers reasonable and are not guarantees of Coty’s future performance, but are subject to a number of risks and uncertainties, many of which are beyond Coty’s control, which could lead to different actual events or results. material of such statements, including the ability of the issuers to complete the offering of the Notes on a timely basis and on terms commercially acceptable to Coty, or not at all, and other factors identified in the “Risk Factors” included in Coty’s annual report on Form 10 -K for the fiscal year ended June 30, 2021 and its subsequent quarterly report on Form 10-Q. All forward-looking statements contained in this press release are qualified by these cautionary statements. These forward-looking statements are made only as of the date of this press release, and Coty undertakes no obligation, other than as required by law, to update or revise any forward-looking statements or cautionary statements. to reflect changes in assumptions. , the occurrence of events, unforeseen or not, or changes in future operating results over time or not.

Investor Relations

Olga Levinzon

212-389-7733

[email protected]

Media

Antonia Werther

+31 621 394495 917-754-8399

[email protected]

Source: Coty Inc.


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