Coty announces offering of 33M shares of Class A common stock

Coty announced the launch of a global offering of 33M shares of Coty‘s outstanding Class A common stock. The company intends to use the net proceeds from the offering primarily to retire principal amount of outstanding debt. Other uses include general corporate purposes, such as strategic investments in its business, working capital and capital expenditures. BNP Paribas, Credit Agricole Corporate and Investment Bank, Citigroup and Santander are acting as Joint Global Coordinators and Joint Book Running Managers for the offering and as listing agents in connection with the Paris listing.