Chicago, April 19 – Natura & Co Luxembourg Holdings Sarl sold $600 million of 6% senior notes due 2029 (BB/BB), according to an offering memorandum.
The notes are Natura Cosmeticos SA and Natura & Co Holding SA.
The Rule 144A and Regulation S notes priced with a 99.297 discount.
The notes are redeemable until Feb. 19, 2029 with a make-whole premium of Treasuries plus 50 basis points. After that date, they can be redeemed at par.
BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are listed as bookrunners.
Proceeds are being used for general corporate purposes, including but not limited to refinancing certain existing debt of Natura or its subsidiaries.
The notes are listed on the Luxembourg Exchange.
The Brazilian issuer is a cosmetics company.
| Issuer: | Natura & Co Luxembourg Holdings Sarl
|
| Guarantors: | Natura Cosmeticos SA and Natura & Co Holding SA
|
| Amount: | $600 million
|
| Issue: | Senior notes
|
| Maturity: | April 19, 2029
|
| Bookrunners: | BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC
|
| Trustee: | Bank of New York Mellon
|
| Counsel to issuer: | Davis Polk & Wardwell LLP, Trench Rossi e Watanabe Advogados, Loyens & Loeff Luxembourg Sarl, Avocats a la Cour
|
| Counsel to underwriters: | White & Case LLP, Machado, Meyer, Sendacz e Opice Advogados
|
| Coupon: | 6%
|
| Price: | 99.297
|
| Call features: | Make-whole call at Treasuries plus 50 bps until Feb. 19, 2029; thereafter at par
|
| Change of control: | At 101
|
| Settlement date: | April 19
|
| Ratings: | S&P: BB
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
| Cusips: | 63884WAA6, L6S52VAA0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
