L’Oréal to Sell 3 Billion Euros of Bonds to Help Finance Kering Beauté Buy

PARIS – L’Oréal has priced a 3-billion-euro triple-tranche bond to help finance part of its acquisition of Kering Beauté. The offering is composed of three parts: an 850-million-euro two-year floating-rate bond, a 1-billion-euro five-year fixed-rate bond and a 1.15-billion-euro long 10-year fixed-rate bond. More from WWD The world’s largest beauty company said that net proceeds from the notes’ issuance will be used for general corporate purposes, including to finance a part of the Kering Beauté acquisitio ...