v3.26.1
DEBT (Tables)
 9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of debt
The Company’s debt balances consisted of the following as of March 31, 2026 and June 30, 2025, respectively:
March 31,
2026		June 30,
2025
Short-term debt$— $— 
Senior Secured Notes (a)
2026 Dollar Senior Secured Notes due April 2026— 350.0 
2026 Euro Senior Secured Notes due April 2026 (b)286.8 820.0 
2027 Euro Senior Secured Notes due May 2027573.5 585.7 
2028 Euro Senior Secured Notes due September 2028— 585.7 
2029 Dollar Senior Secured Notes due January 2029500.0 500.0 
2030 Dollar Senior Secured Notes due July 2030750.0 750.0 
2031 Dollar Senior Secured Notes due January 2031900.0 — 
2018 Coty Credit Agreement
2023 Coty Revolving Credit Facility due July 2028199.6 407.3 
Finance lease obligations & other long term debt6.3 9.7 
Total debt3,216.2 4,008.4 
Less: Short-term debt and current portion of long-term debt(2.1)(3.5)
Total Long-term debt 3,214.1 4,004.9 
Less: Unamortized financing fees and discounts on long-term debt(44.7)(49.4)
Total Long-term debt, net$3,169.4 $3,955.5 
(a) As described further below, a covenant suspension period is in effect for each of the Senior Secured Notes, and in certain cases a collateral release, due to the achievement of investment grade ratings for such notes in September 2024.
(b) As of March 31, 2026, the 2026 Euro Senior Secured Notes due April 2026 in the amount of €250.0 million are classified as long-term in the accompanying Condensed Consolidated Balance Sheets as the Company has the ability and intent to refinance on a long-term basis through the Coty Revolving Credit Facility.
Schedule of debt instrument redemption
At any time on or after the Early Redemption Dates, the Company may redeem some or all of the respective notes at the redemption prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates, if redeemed during the twelve-month period beginning on respective dates of each of the years indicated below:
Price
For the period beginning2027 Euro Senior Secured Notes2029 Dollar Senior Secured Notes2030 Dollar Senior Secured Notes2031 Dollar Senior Secured Notes
YearMay 15,November 15,January 15,July 15,January 15,
2026102.250%100.000%101.188%103.313%100.000%
2027100.000%N/A100.000%101.656%100.000%
2028 and thereafterN/AN/A100.000%100.000%100.000%
Schedule of total net leverage ratio requirement
In the case of the Coty Revolving Credit Facility, the applicable margin means the lesser of a percentage per annum to be determined in accordance with the leverage-based pricing grid and the debt rating-based grid below:
Pricing TierTotal Net Leverage Ratio:SOFR plus:Alternative Base Rate Margin:
1.0
Greater than or equal to 4.75:1
2.000%1.000%
2.0
Less than 4.75:1 but greater than or equal to 4.00:1
1.750%0.750%
3.0
Less than 4.00:1 but greater than or equal to 2.75:1
1.500%0.500%
4.0
Less than 2.75:1 but greater than or equal to 2.00:1
1.250%0.250%
5.0
Less than 2.00:1 but greater than or equal to 1.50:1
1.125%0.125%
6.0
Less than 1.50:1
1.000%—%
Pricing TierDebt Ratings
(S&P/Fitch/Moody’s):		SOFR plus:Alternative Base Rate Margin:
5.0Less than BB+/Ba12.000%1.000%
4.0BB+/Ba11.750%0.750%
3.0BBB-/Baa31.500%0.500%
2.0BBB/Baa21.250%0.250%
1.0BBB+/Baa1 or higher1.125%0.125%
Quarterly Test Period Ending
Total Net Leverage Ratio (a)
March 31, 2026 through July 11, 2028
4.00 to 1.00
(a) Total Net Leverage Ratio means, as of any date of determination, the ratio of: (a) (i) Total Indebtedness minus (ii) unrestricted and Cash Equivalents of the Parent Borrower and its Restricted Subsidiaries as determined in accordance with GAAP to (b) Adjusted EBITDA for the most recently ended Test Period (each of the defined terms, including Adjusted EBITDA, used within the definition of Total Net Leverage Ratio have the meanings ascribed to them within the 2018 Coty Credit Agreement, as amended). Adjusted EBITDA, as defined in the 2018 Coty Credit Agreement, as amended, includes certain add backs related to cost savings, unusual events such as COVID-19, operating expense reductions and future unrealized synergies subject to certain limits and conditions as specified in the 2018 Coty Credit Agreement, as amended.
Schedule of fair value of debt
Fair Value of Debt
March 31, 2026June 30, 2025
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Senior Secured Notes$3,010.3 $2,964.8 $3,591.4 $3,632.7 
2018 Coty Credit Agreement199.6 199.6 407.3 407.3 
Schedule of maturities of long-term debt
Aggregate maturities of the Company’s long-term debt, including the current portion of long-term debt and excluding short-term debt and finance lease obligations as of March 31, 2026, are presented below:
Fiscal Year Ending June 30,
2026, remaining$286.8 
2027573.5 
2028— 
2029699.6 
2030— 
Thereafter1,650.0 
Total$3,209.9