Coty Announces €500M Senior Secured Notes Offering To Redeem Existing Notes And Repay Revolving Credit Facility
Portfolio Pulse from Benzinga Newsdesk
Coty Inc. has announced a €500 million senior secured notes offering. The proceeds will be used to redeem existing notes and repay the company's revolving credit facility.
May 21, 2024 | 6:38 am
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Coty Inc. is issuing €500 million in senior secured notes to manage its debt by redeeming existing notes and repaying its revolving credit facility.
The issuance of senior secured notes will help Coty manage its debt more effectively, potentially improving its financial stability and investor confidence in the short term.
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