Kiko to miss interest payment due June 10 on 6˝% senior secured notes

By Caroline Salls

Pittsburgh, June 7 – Kiko SpA and its guarantors will not pay the interest due June 10 on the company’s €100 million 6˝% senior secured notes due Dec. 10, 2020, according to a news release.

Kiko said the non-payment is expected to continue for seven target settlement days, so it will constitute an event of default.

Kiko is a Milan-based cosmetics company.

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