DEBT (Tables)

12 Months Ended

Jun. 30, 2016



	June 30, 2016			June 30, 2015
Short-term debt	$	19.8		$	22.1
Coty Credit Agreement
Revolving Credit Facility due October 2020	670.0			—
Term Loan A Facility due October 2020	1,883.6			—
Term Loan B Facility due October 2022	1,596.0			—
2015 Credit Agreement due March 2018	—			800.0
Coty Inc. Credit Facility
2013 Term Loan due March 2018	—			1,050.0
Incremental Term Loan due April 2018	—			625.0
Revolving Loan Facility due April 2018	—			136.5
Other long-term debt and capital lease obligations	0.7			1.1
Total debt	4,170.1			2,634.7
Less: Short-term debt and current portion of long-term debt	(161.8		)	(28.8		)
Total Long-term debt	4,008.3			2,605.9
Less: Discount on Long-term debt	(7.3		)	—
Total Long-term debt, net	$	4,001.0		$	2,605.9

Schedule of long term debt facilities

The Company’s long term debt facilities consisted of the following as of June 30, 2016:

Applicable Interest Rate Spread as of

June 30, 2016

Facility

Maturity Date

Principal Amount (in millions)

Interest Rate Terms

Debt Discount

Repayment Schedule

Revolving Credit Facility^(a)

October 2020

$1,500.0

LIBOR^(a)plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio ^{(c) (d)}^(f)

1.75%

N/A^(b)

Payable in full at maturity date

Term Loan A Facility^(a)- USD Portion

October 2020

$1,750.0

LIBOR^(a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio ^(c)^(f)

1.75%

N/A^(b)

Quarterly repayments beginning June 30, 2016 at 1.25% of original principal amount

Term Loan A Facility^(a) - Euro Portion

October 2020

€140.0

EURIBOR^(a) plus a margin of 1.00% to 2.00% per annum, based on the Company’s total net leverage ratio ^(c)^(f)

1.75%

N/A^(b)

Quarterly repayments beginning September 30, 2016 at 1.25% of original principal amount

Term Loan B Facility^(a) - USD portion

October 2022

$500.0

LIBOR^(a) (subject to a 0.75% floor) plus a margin of 3.00% or a base rate (subject to a 1.75% floor), plus a margin of 2.00%^(f)

3.00%

0.50%

Quarterly repayments beginning June 30, 2016 at 0.25% of original principal amount

Term Loan B Facility^(a) - Euro portion

October 2022

€990.0 (e)

EURIBOR^(a) (subject to a 0.75% floor) plus a margin of 2.75%

2.75%

0.50%

Quarterly repayments beginning June 30, 2016 at 0.25% of original principal amount ^(e)

^(a) As defined below.

^(b)N/A - Not Applicable.

^(c) As defined per the respective loan agreement.

^(d) Additionally the Company will pay to the Revolving Credit Facility lenders an unused commitment fee calculated at a rate ranging from 0.25% to 0.50% per annum, based on the Company’s total net leverage ratio^(c). As of June 30, 2016, the applicable rate on the unused commitment fee was 0.50%.

^(e) Includes €665.0 million of the Euro portion of Term Loan B originated on October 27, 2015, and the €325.0 million from the Incremental Term Loans, as defined below, originated on April 8, 2016. Repayments on the €325.0 million Incremental Term Loan B are payable quarterly beginning on September 30, 2016 at 0.25% of the original principal amount.

^(f)The selection of the applicable interest rate for the period is at the discretion of the Company.

The Company’s long term debt facilities that were outstanding prior to the Company’s refinancing consisted of the following as of June 30, 2015:

Facility

Maturity Date

Principal Amount

Interest Rate Terms

Applicable Interest Rate Spread as of
June 30, 2015

Debt Discount

Repayment Schedule

2013 Term Loan^(a)

March 2018

$1,250.0

LIBOR^(c) plus a margin ranging from 0.0% to 1.75% based on the Company’s consolidated leverage ratio^(d)

1.50%

N/A^(b)

Quarterly repayments commence on October 1, 2016 and will total $175.0, and $875.0 in fiscal 2017, and 2018 respectively

Incremental Term Loan^(a)

April 2018

$625.0

LIBOR^(c) plus a margin ranging from 0.0% to 1.75% based on the Company’s consolidated leverage ratio^(d)

1.50%

N/A^(b)

Payable in full on April 2, 2018

2013 Revolving Loan Facility^(a)

April 2018

$1,250.0

LIBOR^(c) plus a margin ranging from 0.15% to 0.25% based on the Company’s consolidated leverage ratio^(d)

1.28%

N/A^(b)

Payable in full at maturity date

2015 Credit Agreement^(a)

March 2018

$800.0

Applicable base rate^(c)plus a margin ranging from 0.125% to 1.875% based on the Company’s consolidated leverage ratio^(d)

1.63%

N/A^(b)

Payable in full on March 31, 2018

^(a) As defined below.

^(b) N/A - Not Applicable.

^(c) Applicable base rates of interest on amounts borrowed under the 2015 Credit Agreement were based on the London Interbank Offered Rate (“LIBOR”), a qualified Eurocurrency LIBOR, an alternative base rate, or a qualified local currency rate, as applicable to the borrowings, plus applicable spreads determined by the consolidated leverage ratio.

^(d) As defined per the respective loan agreement.

Aggregate maturities of long-term debt

Aggregate maturities of all long-term debt, including current portion of long-term debt and excluding capital lease obligations as of June 30, 2016, are presented below:



Fiscal Year Ending June 30
2017	$	141.9
2018	111.3
2019	111.3
2020	111.3
2021	2,158.4
Thereafter	1,516.0
Total	$	4,150.2