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Coty Inc. Announces Tender Offer

Coty Inc. Announces Cash Tender Offers for

Approximately $200 Million Outstanding Debt Securities



"The Company intends to fund the purchase of validly tendered and accepted Notes with available cash on hand and other sources of liquidity, including short term borrowings under its revolving credit facility and cash generated from operations. The purpose of the tender offers is to purchase a portion of the Notes, subject to the Notes Caps, in order to reduce the Company’s total outstanding public debt and interest expense. The tender offers could adversely impact the Company’s credit ratings but are expected to result in improved leverage and reduced interest expense while maintaining strong liquidity.


Announcement available via Bloomberg.





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