LONDON, Jan. 27, 2021 /PRNewswire/ -- Avon Products,
Inc. ("Avon") announced
today that it has extended the expiration date of its previously
announced solicitation (the "2043 Notes Consent
Solicitation") of consents from holders (the "2043 Notes
Holders") of Avon's
outstanding 6.950% Notes due 2043 (the "2043 Notes") from
5:00 p.m. New York City time, on January 27, 2021, to 5:00
p.m. New York City time, on
February 3, 2021 (as amended hereby,
the "2043 Notes Expiration Date").
2043 Notes Holders who have previously delivered consents in
connection with the 2043 Notes Consent Solicitation do not need to
redeliver such consents or take any other action in response to
this announcement in order to consent to the 2043 Notes Consent
Solicitation.
The 2043 Notes Consent Solicitation is being undertaken pursuant
to the terms of the Consent Solicitation Statement, dated
January 12, 2021 (as amended or
supplemented from time to time, including by the press release
dated January 20, 2021 and by this
press release, the "Consent Solicitation Statement"). Except
as set forth herein with respect to the 2043 Notes Expiration Date,
the terms and conditions of the 2043 Notes Consent Solicitation, as
well as the proposed amendments to the indenture governing the 2043
Notes (the "2043 Notes Proposed Amendments"), remain the
same as set forth and described in the Consent Solicitation
Statement. In particular the Revocation Deadline (as defined in the
Consent Solicitation Statement) with respect to the 2043 Notes
Consent Solicitation has passed and is not being extended.
Citigroup Global Markets Inc. ("Citi") is acting as the
Solicitation Agent for the 2043 Notes Consent Solicitation. D.F.
King & Co., Inc. is acting as the Information and
Tabulation Agent for the 2043 Notes Consent Solicitation. Questions
or requests for assistance related to the 2043 Notes Consent
Solicitation or for additional copies of the Consent Solicitation
Statement may be directed to Citi at +1 (212) 723-6106 (banks and
brokers) and +1 (800) 558-3745 (all others, toll free), or to D.F.
King & Co., Inc. at +1 (212) 269-5550 (banks and brokers), +1
(866) 356-7813 (all others, toll free) or by email at
avon@dfking.com. The Consent Solicitation Statement is available
at: www.dfking.com/avon. Holders may also contact their broker,
dealer, commercial bank, trust company or other nominee for
assistance concerning the 2043 Notes Consent Solicitation.
About Avon
For 130 years Avon has stood
for women: providing innovative, quality beauty products which are
primarily sold to women, through women. Millions of independent
Representatives across the world sell iconic Avon brands such as
Avon Color and ANEW through their social networks, building their
own beauty businesses on a full- or part-time basis. Avon supports women's empowerment,
entrepreneurship and well-being and has donated over
U.S.$1 billion to women's causes
through Avon and the Avon
Foundation. Avon is a wholly owned
subsidiary of Natura &Co Holding S.A. ("Natura &Co
Holding"). To learn more, please visit Natura &Co Holding's
website at https://naturaeco.com/en/brands/avon/.
Forward-Looking Statements
Disclosures in this press release contain forward-looking
statements. All statements, other than statements of historical
facts, included in this press release that address activities,
events or developments that management expects, believes or
anticipates will or may occur in the future are forward-looking
statements. Without limiting the generality of the foregoing,
forward-looking statements contained in this press release
specifically include statements regarding the consummation of the
2043 Notes Consent Solicitation, including the timing thereof, the
2043 Notes Proposed Amendments and the execution of the
supplemental indenture to effect the 2043 Notes Proposed
Amendments. These statements are based on certain assumptions made
by Avon based on its management's
experience and perception of historical trends, current conditions,
anticipated future developments and other factors believed to be
appropriate. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of Avon, which may cause
actual results to differ materially from those implied or expressed
by the forward-looking statements. These include risks set forth in
reports filed by Natura &Co Holding with the Brazilian
Securities Commission (Comissão de Valores Mobiliários) and
the U.S. Securities and Exchange Commission (the "SEC"), and
by Avon with the SEC. Any
forward-looking statement applies only as of the date on which such
statement is made and Avon does not intend to correct or
update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
Natura &Co Holding S.A.
Investor Relations:
Viviane Behar de Castro, Investor
Relations Officer, Natura &Co Holding
ri@natura.net
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SOURCE Avon Products, Inc.