Coty (COTY) Announces Proposed 50 Million Share Secondary Offering of Class A Common Stock by KKR (KKR)
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Coty (COTY) Prices Secondary 50M Share Offering at $8.53/sh
September 8, 2021 6:08 AM EDTCoty Inc. (NYSE: COTY) (Coty) today announced the pricing of its previously-announced registered public secondary offering of 50,000,088 shares of Cotys 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 Cotys Series B Convertible Preferred Stock held by KKR. Upon completion of the offering, KKR will retain 568,367 shares of Cotys Series B Convertible Preferred Stock representing... More
