Coty completes redemption of 5.12%, 5.67% and 5.82% notes on Sept. 29

By Tali Rackner

Norfolk, Va., Oct. 2 – Coty, Inc. exercised the call option on its $100 million of 5.12% series A senior secured notes due June 16, 2017, $225 million of 5.67% series B senior secured notes due June 16, 2020 and $175 million of 5.82% series C senior secured notes due June 16, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The company redeemed the notes on Sept. 29 and paid a roughly $85 million make-whole amount.

A new $600 million term loan was used to fund the redemption.

Coty is a Paris-based fragrance manufacturer.

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