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Prospect News home > News index > List of issuers C > Headlines for Coty, Inc. > News item
Published on 4/15/2021 in the Prospect News High Yield Daily.

Coty talks $750 million five-year senior notes to yield 4¾%-5%; pricing expected Friday

By Paul A. Harris

Portland, Ore., April 15 – Coty Inc. talked its $750 million offering of five-year senior notes (B3/B) to yield 4¾% to 5%, according to market sources.

Official talk comes tight to initial guidance in the 5% area.

Pricing is expected on Friday.

J.P. Morgan Securities LLC is the lead.

The Rule 144A and Regulation S notes come with two years of call protection.

The New York-based beauty company plans to use the proceeds to pay down its outstanding term loans.


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