Beauty Packaging Staff10.01.20
Natura &Co has commenced a global offering of approximately $1,106.3 million, based on a price of $9.06 per share, corresponding to the closing price of the common shares on the Novo Mercado segment of the São Paulo Stock Exchange on September 30, 2020.
The global offering consists of:
ADSs represent two common shares of Natura &Co.
Natura &Co. intends to use the net proceeds of this offering to support investments to accelerate its growth over the next three years aimed at shaping the future in a more sustainable and inclusive way, and to optimize its capital structure by accelerating deleveraging and reducing its U.S. dollar-denominated debt and eliminating restrictive covenants.
The offering is being conducted pursuant to a registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission, or the SEC, on the date hereof, which automatically became effective upon filing, and an accompanying preliminary prospectus supplement filed with the SEC on the date hereof.
The global offering consists of:
- An international offering of common shares, including in the form of American Depositary Shares ("ADSs"), in the United States and elsewhere outside of Brazil by the international underwriters; and
- A concurrent offering of common shares in Brazil, expected to be priced on October 8, 2020.
ADSs represent two common shares of Natura &Co.
Natura &Co. intends to use the net proceeds of this offering to support investments to accelerate its growth over the next three years aimed at shaping the future in a more sustainable and inclusive way, and to optimize its capital structure by accelerating deleveraging and reducing its U.S. dollar-denominated debt and eliminating restrictive covenants.
The offering is being conducted pursuant to a registration statement on Form F-3 filed with the U.S. Securities and Exchange Commission, or the SEC, on the date hereof, which automatically became effective upon filing, and an accompanying preliminary prospectus supplement filed with the SEC on the date hereof.