Coty Expands Its Future Shareholder Returns, Alongside Expected Capital Structure Improvement

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Dec 12, 2022

Coty Inc. (NYSE: COTY) today announced it is entering into agreements with several banks to start hedging a planned share buyback program of approximately $200 million in calendar 2025. This program adds to the Company’s previously announced $200 million hedged buyback in CY24. Coty anticipates continued strong free cash flow generation and steady deleveraging progress in the coming years, continuing to target leverage towards 4x exiting CY22, towards 3x exiting CY23, and towards 2x CY25.