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Fitch rates Natura &Co notes BB
Fitch Ratings said it gave a BB rating to Natura &Co Luxembourg Holding Sarl's proposed five- to seven-year senior unsecured notes of up to $600 million.
Natura &Co Holding SA and Natura Cosmeticos SA will guarantee the notes. Fitch rates both Natura and Natura Cosmeticos BB with a positive outlook.
The proceeds will be used for general corporate purposes, including refinancing Avon's 2023 bonds.
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