05:10 PM EDT, 05/22/2024 (MT Newswires) -- Coty ( COTY ) said late Wednesday it priced a private placement of 500 million euros ($541.3 million) of 4.5% senior secured notes due 2027.

The beauty company expects the offering to close May 30 and plans to use the net proceeds to fully redeem its existing 6.5% senior notes due 2026, repay a portion of its revolving credit facility, among other things, it said.

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