07.14.23
Coty Inc. has completed the refinancing of its existing $2 billion revolving credit facility.
The over-subscribed refinancing extends maturity until July 2028 at the same terms to existing facilities and welcomes what the company calls a "strong group of top-tier existing and new creditors" into its facilities.
The over-subscribed refinancing extends maturity until July 2028 at the same terms to existing facilities and welcomes what the company calls a "strong group of top-tier existing and new creditors" into its facilities.
“We are extremely pleased to complete this well over-subscribed refinancing of our revolving credit facility, which is a major step towards extending our debt maturity profile,” said Chief Financial Officer Laurent Mercier. “We are grateful for the overwhelming support from both existing and new financial partners across the US, Europe, and other key geographies.”