Reorg Credit Intelligence – 4/19/2021
|April 22, 2021
Coty Includes Over $500 Million
in EBITDA Addbacks for Lost Revenue Due to Covid
Coty Inc. is issuing $750 million of senior secured notes due 2026, with proceeds to be used to repay amounts outstanding under the company’s first lien term loan facility. The new notes are expected to price today. The notes will be guaranteed by each domestic restricted subsidiary that guarantees the company’s credit facilities or other debt in excess of $150 million. To read our full analysis on the situation click here: https://reorg.com/coty-new-senior-secured-notes/
Contact: Matt Danese
mdanese@reorg.com
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