Avon Announces Closing of Senior Secured Notes Offering
AVON PRODUCTS (AVP)
Last avon products earnings: 10/31 06:45 am
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US:NYSE Investor Relations:
investor.avoncompany.com
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Source: PR Newswire
LONDON, July 3, 2019 /PRNewswire/ -- Avon Products, Inc. (NYSE: AVP) (the "Company" or "Avon") announced today that Avon International Capital p.l.c., Avon's wholly-owned subsidiary (the "Issuer"), completed an offering of $400,000,000 in aggregate principal amount of 6.50% senior secured notes due 2022 (the "notes").Jan Zijderveld, CEO of Avon, said: "The strong demand for our debt offering allowed us to upsize the transaction to $400 million and extend our debt maturity profile. We believe this issuance enhances our financial flexibility and will support our Company as we make strategic investments and continue to execute our strategy to 'Open Up Avon'."The notes were offered and sold only to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The notes will not be registered under the Securities Act, and may not be offered or sold in
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