UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2020

 

Commission File Number: 001-39169

 

Natura &Co Holding S.A.

(Exact name of registrant as specified in its charter)

 

Avenida Alexandre Colares, No. 1188, Sala A17-Bloco A

Parque Anhanguera

São Paulo, São Paulo 05106-000, Brazil

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

X

  Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes     No

X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes     No

X

 

 

 

 

 

NATURA &CO HOLDING S.A.

 

TABLE OF CONTENTS

 

ITEM  
1. Notice to the Market, filed by Natura &Co Holding S.A. with the Brazilian Securities Commission on November 2, 2020, regarding the redemption of certain Avon notes.

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NATURA &CO HOLDING S.A.
   
   
  By: /s/ José Antonio de Almeida Filippo
    Name: José Antonio de Almeida Filippo
    Title: Principal Financial Officer
     
     
  By: /s/ Itamar Gaino Filho
    Name: Itamar Gaino Filho
    Title: Chief Legal and Compliance Officer

 

Date: November 3, 2020

 

 

 

Item 1

 

Notice to the Market, filed by Natura &Co Holding S.A. with the Brazilian Securities Commission on November 2, 2020, regarding the redemption of certain Avon notes.

 

 

 

 

 

NATURA &CO HOLDING S.A.

Publicly-Held Company
CNPJ/ME n° 32.785.497/0001-97
NIRE 35.300.531.582

 


NOTICE TO THE MARKET

 


Debt Pre-payment of Avon International

 


Natura &Co Holding S.A.
(B3: NTCO3, NYSE: NTCO) (“Natura &Co” or “Company”) informs its shareholders and the market in general that it concluded today the prepayment of notes (“Bonds”) of its wholly-owned subsidiaries, Avon International Capital p.l.c. and Avon International Operations, Inc. (“Avon International”), as follows:

 

Issuer Instrument Issue Date Maturity Date

Coupon

(per year)

Principal
Avon International Capital p.l.c. Senior Secured Notes 07/03/2019 08/15/2022 6.500% US$ 400.0 million
Avon International Operations, Inc. Senior Secured Notes 08/15/2016 08/15/2022 7.875% US$ 500.0 million

 

 

The redemption price was equivalent to 101.969% (expressed as a percentage of the principal amount of the Bonds to be redeemed), plus accrued and unpaid interest until this date.

 

The proforma indebtedness post-redemption considering Q2-20 results would be 1.9x down from 3.6x.

 

The prepayment of these Bonds is a major step towards the Company’s strategy to optimize our capital structure by accelerating deleveraging and reducing U.S. dollar-denominated debt, currency volatility and high interest costs, and eliminating restrictive covenants.

 

São Paulo, November 2, 2020.

 

Viviane Behar de Castro

 

Investor Relations Officer

 

 

 

 

 

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