Business Wire | Jun 7, 2021 03:00AM EDT

Coty Inc. Amends Existing Credit Agreement

Jun. 07, 2021

NEW YORK--(BUSINESS WIRE)--Jun. 07, 2021--Coty Inc. (NYSE: COTY) today announced it has amended its existing credit agreement to, among other things, effectively extend the maturity of a portion of its existing revolving loan commitments. The amendment creates a new class of revolving loan commitments in an aggregate principal amount of $700.0 million, which commitments will mature in April 2025. The effectiveness of such new class of commitments is conditioned upon customary closing conditions, including a reduction of existing revolving loan commitments under Coty's existing credit agreement in an amount no less than $700.0 million on or prior to September 30, 2021.

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CONTACT: Investor Relations Olga Levinzon 212-389-7733 Olga_Levinzon@cotyinc.com

CONTACT: Media Antonia Werther +31 621 394495 Antonia_Werther@cotyinc.com