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COTY INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

June 25, 2014



Item 1.01. Entry into a Material Definitive Agreement.

On June 25, 2014, Coty Inc. (the "Company") entered into the Incremental Term Loan Amendment (the "Incremental Amendment") to the Credit Agreement, dated April 2, 2013 (as amended and modified from time to time, the "Credit Agreement") among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other Lenders party thereto.

The Incremental Amendment provides for an incremental term loan of $625 million (the "Incremental Term Loan"). After giving effect to the Incremental Term Loan, $125 million of incremental term loan availability remains under the Credit Agreement. The terms of the Incremental Term Loan are substantially the same as those of the term loan previously existing under the Credit Agreement as described in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2013, except with respect to amortization. The Incremental Term Loan will mature in a single installment on April 2, 2018, the maturity date of the previously existing term loan.

Certain of the lenders and agents and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory and investment banking, commercial banking and other services for the Company and its affiliates, for which they received or will receive customary fees and expenses.

This summary of the Incremental Amendment is qualified in its entirety by the full text of the Incremental Amendment. The Incremental Amendment is attached hereto as Exhibit 10.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant.

The information set forth above in Item 1.01 is incorporated by reference in this Item 2.03.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits: Exhibit Number Description of Exhibit 10.1 Incremental Term Loan Amendment, dated June 25, 2014, to the Credit Agreement among the Company, the Lenders listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as administrative agent.



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Source: Edgar Glimpses


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