Coty closed an incremental agreement for credit facilities consisting of $975 million in term A loan commitments and $100 million in term B commitments. JPMorgan Chase was administrative agent for the transaction.

According to a related 8-K filing, the term B facilities consist of refinancing the $497.5 million term B facility, a refinancing term B-1 EUR facility in the form term B-1 EUR loans in an aggregate principal amount of €661.7 million ($724 million) and a refinancing term B-2 EUR facility in the form of term B-2 EUR loans in an aggregate principal amount of €324 million ($355 million).

On the closing date, Coty borrowed the full amount of loans available under the incremental term facilities, the refinancing term B USD facility and the refinancing term B-1 EUR facility, and Coty and the Dutch Borrower jointly and severally borrowed the full amount of the refinancing term B-2 EUR facility.

The proceeds of the facilities will be used by Coty for general corporate purposes.