Coty "announced it is entering into agreements with several banks to start hedging a planned share buyback program of approximately $200M in calendar 2025. This program adds to the Company’s previously announced $200M hedged buyback in 2024. Coty anticipates continued strong free cash flow generation and steady deleveraging progress in the coming years, continuing to target leverage towards 4x exiting 2022, towards 3x exiting 2023, and towards 2x 2025."
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Published first on TheFly
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