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Avon Refinances Debt

Completes $1.5 billion public offering.

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By: TOM BRANNA

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Avon Products, Inc. has completed refinancing activities, including the completion of a public offering of $1.5 billion in notes. The company also entered into a $1 billion four-year unsecured Revolving Credit Facility Agreement, which replaces the previous $1 billion Revolving Credit Facility Agreement. “Through this refinancing, we have achieved increased financial flexibility, which is critical to our ability to successfully execute Avon’s turnaround,” said Kimberly ...

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