Coty Inc. Refinances $2.0 Billion Credit Facility

Coty Inc. Refinances $2.0 Billion Credit Facility

THE WHAT? Coty Inc. has refinanced its $2.0 billion revolving credit facility. Completing this action extends the facility’s maturity to July 2028 and includes existing and new creditors.

THE DETAILS? The refinancing initiative was over-subscribed, indicating strong financial support. As a result, Coty’s debt maturity profile has been extended, a significant development in the company’s financial management.

THE WHY?  This refinancing is a strategic move for Coty, allowing it to secure financial stability while continuing its global operations. It underscores the company’s commitment to maintaining financial health while delivering its beauty products worldwide.

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