Coty driving by with $500 million seven-year secured notes; initial talk high 4% area

By Paul A. Harris

Portland, Ore., Nov. 22 – Coty Inc. plans to price a $500 million offering of senior secured notes due Jan. 15, 2029 (B1/B+) in a Monday drive-by, according to market sources.

Initial guidance is in the high 4% area.

BofA Securities Inc. is leading the sale.

The Rule 144A and Regulation S notes become callable at a premium on Jan. 15, 2025.

The issuing entities will be HFC Prestige Products, Inc. and HFC Prestige International U.S. LLC, wholly owned subsidiaries of Coty, a New York-based beauty company.

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