Tender Offer Increased to $300 Million and Fully Subscribed
Tender Offer is a Continuation of Coty’s Deleveraging Agenda
NEW YORK–(BUSINESS WIRE)–Coty Inc. (NYSE:COTY) (Paris:COTY) (Coty or the Company) announced today the early results of its previously announced tender offer to purchase for cash up to $300,000,000 aggregate principal amount (the Notes Cap) (reflecting a $50,000,000 increase from the previously announced cap of $250,000,000) of its outstanding 5.000% Senior Secured Notes due 2026 (the Notes). Such offer to purchase is referred to herein as the Tender Offer. The Tender Offer is being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated November 6, 2024 (the Offer to Purchase). The Company refers investors to the Offer to Purchase for the complete terms and conditions of the Tender Offer.
As of 5:00 p.m., New York City time, on November 20, 2024 (such date and time, the Early Tender Date), according to information provided by D.F. King & Co., Inc., the tender and information agent for the Tender Offer, the aggregate principal amount of the Notes listed in the table below has been validly tendered and not validly withdrawn in the Tender Offer. Withdrawal rights for the Notes expired at 5:00 p.m., New York City time, on the Early Tender Date.
|
Title of |
Security |
Principal |
Principal Amount |
Principal |
Approximate |
Total (EPA:) |
|
5.000% Senior Secured Notes due 2026 |
CUSIPs: 222070AE4 (144A) U2203CAE1 (Reg S)
ISINs: US222070AE41 (144A) USU2203CAE13 (Reg S) |
$650,000,000 |
$476,131,000 |
$300,000,000 |
63% |
$1,000.00 |
|
(1) |
Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date and accepted for purchase by the Company. |
|
|
(2) |
Does not include Accrued Interest (as defined below), which will also be payable as described below. |
|
|
(3) |
Includes the Early Tender Premium (as defined below). |
The Tender Offer will continue to expire at 5:00 p.m., New York City time, on December 6, 2024, or any other date and time to which the Company extends the Tender Offer (such date and time, as it may be extended, the Expiration Date), unless earlier terminated. The Company has elected not to exercise its option to have an early settlement date for the Tender Offer at this time. Payment for the Notes that were validly tendered (and not validly withdrawn) at or prior to the Early Tender Date and that are accepted for purchase…
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