Coty Inc. Announces Pricing of $900 Million Senior Notes Offering

10/06/2025 – 08:16 PM

NEW YORK — Coty Inc. (NYSE: COTY), the global beauty conglomerate, has announced the pricing of a $900 million offering of 5.600% Senior Notes due 2031. The notes will be issued by Coty and its subsidiaries, HFC Prestige Products, Inc., and HFC Prestige International U.S. LLC.

The offering, initially announced as a private placement, aims to capitalize on the current interest rate environment and optimize Coty’s capital structure. The expected closing date is on or around October 15, 2025, contingent upon standard closing conditions.

A key feature of the notes is their fluctuating security status. While the notes maintain investment-grade ratings from at least two of the three major ratings agencies, they will function as senior unsecured obligations. However, should the investment-grade ratings fall below this threshold, the notes will then be fully and unconditionally guaranteed on a senior secured basis by Coty’s subsidiaries (excluding the Co-Issuers). These guarantees will be secured by first-priority liens on the same collateral securing Coty’s existing senior secured credit facilities.

Coty intends to allocate the net proceeds from the notes offering, coupled with available cash reserves, towards the redemption of all of its outstanding 5.000% senior secured notes due 2026 and a portion of its 3.875% senior secured notes due 2026. The redemptions will occur at par value, along with accrued and unpaid interest up to the redemption date. Remaining cash on hand will cover expenses associated with the note offering.

The strategic move aims to reduce Coty’s overall debt burden and extend its debt maturity profile, providing greater financial flexibility in a dynamic market. The success of this offering reflects investor confidence in Coty’s long-term growth strategy and its ability to navigate the increasingly competitive beauty industry.

The notes are being offered exclusively to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. The notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy the Notes. Similarly, it is not a notice of redemption for the 5.000% Senior Secured Notes or the 3.875% Senior Secured Notes.

About Coty Inc.

Coty, established in Paris in 1904, stands as a global leader in the beauty industry. Its portfolio encompasses a diverse range of iconic brands across fragrances, color cosmetics, skin, and body care. Serving a global consumer base, Coty distributes both prestige and mass-market products in over 120 countries and territories. The company emphasizes enabling individuals to freely express their beauty and is committed to environmental sustainability.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of U.S. securities laws. These statements reflect Coty’s current views and expectations regarding the closing of the notes offering and the intended use of proceeds. Such forward-looking statements are identified by words like “anticipate,” “expect,” “intend,” and similar expressions. These statements are based on assumptions and estimates that, while considered reasonable by Coty, are subject to risks and uncertainties, including the ability to close the offering on the anticipated timeline and terms, as well as factors outlined in Coty’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025. Readers are cautioned against placing undue reliance on these forward-looking assertions, which speak only as of the date of this release. Coty disclaims any obligation to update these statements to reflect future events or changes in circumstances, except as required by law.