XML 42 R27.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Burberry Beauty Business Acquisition On October 2, 2017, the Company acquired the exclusive long-term global license rights and other related assets for the Burberry Limited (“Burberry”) luxury fragrances, cosmetics and skincare business (the “Burberry Beauty Business”). The Burberry Beauty Business acquisition is expected to further strengthen the Company’s position in the global beauty industry. Total preliminary purchase consideration paid upon closing of the transaction was £185.7 million, the equivalent of $248.3, at the time of closing. The transaction was funded with a combination of cash on hand and available debt facilities. Credit Agreement Amendment On November 8, 2017, the Company entered into amendments to the Coty Credit Agreement and the Galleria Credit Agreement, which amended the definition of Adjusted EBITDA. Each amendment allowed for the extension of the period during which certain synergies and cost savings can be incorporated in the financial covenant calculations under the respective agreements. Quarterly Dividend On November 9, 2017, the Company announced a quarterly cash dividend of $0.125 per share on its Common Stock, RSUs and phantom units. The dividend will be payable on December 14, 2017 to holders of record of Common Stock as of November 30, 2017.