0000008868-16-000170.txt : 20160804 0000008868-16-000170.hdr.sgml : 20160804 20160804172709 ACCESSION NUMBER: 0000008868-16-000170 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160804 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160804 DATE AS OF CHANGE: 20160804 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AVON PRODUCTS INC CENTRAL INDEX KEY: 0000008868 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] IRS NUMBER: 130544597 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04881 FILM NUMBER: 161808525 BUSINESS ADDRESS: STREET 1: 777 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-282-5000 MAIL ADDRESS: STREET 1: 777 THIRD AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 8-K 1 avon-form8xkbondpricingpre.htm 8-K Document



 
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 4, 2016

 
 
 
 
 
 Avon Products, Inc.
(Exact name of registrant as specified in charter)
 
 
 
 
 

 
 
 
 
 
New York
 
1-4881
 
13-0544597
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
777 Third Avenue
New York, N.Y. 10017-1307
(Address of principal executive offices) (Zip Code)
(212) 282-5000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)






o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
 
 





Item 8.01 Other Events

On August 4, 2016, Avon Products, Inc. (“Avon”) announced that Avon International Operations, Inc., Avon’s wholly-owned subsidiary, priced $500,000,000 in aggregate principal amount of its 7.875% Senior Secured Notes due 2022 in a private placement. The aggregate principal amount of the notes offered was increased from $400,000,000. The offering is expected to close on August 15, 2016. A copy of the press release is being furnished as Exhibit 99.1 herewith.

This Current Report on Form 8-K does not constitute an offer to sell, or a solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

The information in this Item 8.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “1934 Act”), nor shall it be deemed “incorporated by reference” into any filing under the Securities Act of 1933, as amended, or the 1934 Act, except as may be expressly set forth by specific reference in such filing.

 
Item 9.01.
Financial Statements and Exhibits.
 
(d)
Exhibits
 
 
 
 
Exhibit No.
 
Description
 
 
 
 
 
99.1
 
Avon Products, Inc. Press Release titled “Avon Announces Pricing and Upsizing of Senior Secured Notes Offering,” dated August 4, 2016.
 
 
 
 
 
 
 
 





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 hereunto duly authorized.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
AVON PRODUCTS, INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Registrant)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
By
/s/ James S. Scully
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Name: James S. Scully
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Title: Executive Vice President, Chief Operating Officer and Chief Financial Officer

Date: August 4, 2016







EXHIBIT INDEX

 
 
 
Exhibit No.
 
Description
 
 
99.1
 
Avon Products, Inc. Press Release titled “Avon Announces Pricing and Upsizing of Senior Secured Notes Offering,” dated August 4, 2016.
 
 
 
 
 
 
 
 
 
 



EX-99.1 2 ex991pricingpressrelease.htm EXHIBIT 99.1 Exhibit
Exhibit 99.1

                            
Avon Announces Pricing and Upsizing of Senior Secured Notes Offering


(New York, New York) – August 4, 2016 – Avon Products, Inc. (NYSE: AVP) (the “Company” or “Avon”) announced today that Avon International Operations, Inc., Avon’s wholly-owned subsidiary (the “Issuer”), priced an offering (the “Offering”) of $500,000,000 in aggregate principal amount of its 7.875% Senior Secured Notes due 2022 (the “Notes”). The aggregate principal amount of the Notes offered was increased from $400,000,000. The Offering is expected to close on August 15, 2016.
The Company intends to use the proceeds from the Offering, together with cash on hand, to complete tender offers for certain series of the Company’s existing senior notes, which it launched concurrently with the Offering.
The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes will not be registered under the Securities Act, and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and does not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward-Looking Information
In addition to historical information, this release contains forward-looking statements that are not historical facts or information may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “estimate,” “project,” “forecast,” “plan,” “believe,” “may,” “expect,” “anticipate,” “intend,” “planned,” “potential,” “can,” “expectation,” “could,” “will,” “would” and similar expressions, or the negative of those expressions, may identify forward-looking statements. Such forward-looking statements are based on management’s reasonable current assumptions, expectations, plans and forecasts regarding the Company's and the Issuer’s current or future results and future business and economic conditions more generally. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, levels of activity, performance or achievement of the Company or the Issuer to be materially different from any future results expressed or implied by such forward-looking statements, and there can be no assurance that actual results will not differ materially from management’s expectations. Therefore, you should not rely on any of these forward-looking statements.


 
 
 




Additional information identifying such factors is contained in Item 1A of Avon’s Annual Report on Form 10-K for the year ended December 31, 2015, Avon’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, and other reports and documents that Avon files with the U.S. Securities and Exchange Commission. Avon undertakes no obligation to update any forward-looking statements.
All forward-looking statements contained in this release are qualified in their entirety by this cautionary statement. Forward-looking statements speak only as of the date they are or were made, and Avon does not intend to update or otherwise revise the forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events, except as required by law.
About Avon Products, Inc.
Avon is the company that for 130 years has proudly stood for beauty, innovation, optimism and, above all, for women. Avon products include well-recognized and beloved brands such as ANEW, Avon Color, Avon Care, Skin-So-Soft, and Advance Techniques sold through nearly 6 million active independent Avon Sales Representatives.
Contacts

INVESTORS:
Gina Grant
212-282-5320   
investor.relations@avon.com
   or
ICR, Inc.
Allison Malkin/Caitlin Morahan
203-682-8200




MEDIA:
Brunswick Group
Claudia Gray
(212) 333-3810 



 
 
 

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