trending Market Intelligence /marketintelligence/en/news-insights/trending/tgjcu4wzjqzvfqt0dohmcw2 content esgSubNav
In This List

Coty to offer $2B in senior unsecured notes

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Coty to offer $2B in senior unsecured notes

U.S. personal products company Coty Inc. said March 21 that it intends to offer about $2 billion senior unsecured notes in a private transaction.

Earlier in March, Coty reportedly launched an $8 billion debt refinancing.

The notes will be guaranteed on an unsecured basis by each Coty subsidiary, which will also be a guarantor under the proposed new senior secured credit facilities, the news release said.

According to the release, the proceeds from the offering will be used to repay in full and refinance its debt under its existing credit facilities. Remaining proceeds will be used for general corporate purposes, the company said.