Coty to draw on debt facilities to help fund $600 million acquisition

By Angela McDaniels

Tacoma, Wash., Jan. 10 – Coty Inc. plans to use available debt facilities and cash on hand to fund an acquisition, according to a company news release.

Coty will acquire a 60% stake in Younique, an online peer-to-peer social selling platform in beauty, for about $600 million of cash.

The company expects the transaction to close this quarter.

Coty is a beauty company based in New York.

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