Coty Announces Pricing of Secondary Offering of Class A Common Stock by KKR
NEW YORK--(BUSINESS WIRE)—September 8, 2021-- Coty Inc. (NYSE: COTY) (“Coty”) today announced the pricing of its previously-announced registered public secondary offering of 50,000,088 shares of Coty’s outstanding Class A common stock by KKR Rainbow Aggregator L.P. (“KKR”), at a price to the public of $8.53 per share. Shares of Class A common stock sold in the offering will be initially issued to KKR upon conversion of 285,576 shares of Coty’s Series B Convertible Preferred Stock held by KKR. Upon completion of the offering, KKR will retain 568,367 shares of Coty’s Series B Convertible Preferred Stock representing approximately 10.9% of Coty’s outstanding Class A common stock on an as-converted basis. The offering is expected to close on September 10, 2021, subject to customary closing conditions.
Morgan Stanley is acting as the underwriter for the proposed offering.
The offering is being made only by means of an effective registration statement and a prospectus. Copies of the prospectus supplement (when available) and the accompanying prospectus relating to the offering may be obtained from: Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department. Copies of the prospectus supplement (when available) and the related prospectus may also be obtained free of charge from the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov.
Coty has previously filed with the SEC a registration statement (including a prospectus) on Form S-3 (File No. 333-248444), dated August 27, 2020, and will file a prospectus supplement pursuant to the requirements of the SEC, for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement (when available) and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. Copies of the registration statement and prospectus supplement (when available) can be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.