Coty has priced a private offering of $900 million in senior notes with a 5.6% coupon, due in 2031. The company will use the proceeds, along with existing cash, to redeem its 2026-maturity notes, specifically the 5.0% and part of the 3.875% senior secured notes. This move optimizes Coty’s capital structure by addressing near-term debt, extending its maturity profile, and reducing refinancing pressure. The offering is expected to close around October 15, 2025, and will be privately placed with qualified institutional buyers.