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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
COTY
Coty Inc€700
1USOA
Jun 9, 2021
currency
EUR
size (m)
700.000
maturity
Apr 15, 2026
type
Fixed
tenor
5.000
call
2.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Secured
moody's
B3
s&p
B
fitch
-
size description
-
re-open/tap
No
ipt
4.00%-4.25%
ipt-pxd
-
guidance
4% area
spread
450
coupon
3.875%
spread set
-
price
100.00000
yield
3.875%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BAM, BNP, CAG, CTI, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
BAM, BNP, CAG, CTI, ...
joint leads
-
passive leads
-
co-managers
-
coordinating managers
Tranche Comments
Redemption: 2023-04-15; Registration: 144A/Reg S;
Deal Comments
06/09/2021 Coty Inc (COTY) EUR700m (up from EUR500m) 144A/Reg S sr sec 1st lien notes due April 15, 2026 (5y). NC2 (04/15/23) (MWC B+50bp), then at 101.938, 100.969, 100. Equity claw: 2y 40% at 103.875. B3/B (stable/negative). Via BNP (B&D)/DB/CA/ING/UniCredit jt glocos/JPM/BofA/SMBC Nikko/RBC/Citi/MUFG jt books. No reg rights. List ISE. NY law. Settles 06/16 (T+5). IPT: 4.00%-4.25%. Px talk: 4.00% area (+/- 0.125%). Launched: EUR700m at 3.875%. Priced: 3.875% at 100, 3.876% YTM. +450bp vs 0% OBL 04/10/16. Did investor call at 1pm UKT 06/07, small group meetings 06/07-09. Books closed at 2pm UKT 06/09. Reconfirms were due by 2:30pm UKT 06/09. UOP: repay a portion of its term loan A (EUR200m upsize to repay term loan A). Biz: One of the world’s largest beauty companies, with an iconic portfolio of brands across fragrance, color cosmetics, and skin and body care. HQ: NYC.

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