AVON PRODUCTS, INC. Avon Products, Inc. announced that it has extended the early tender date for its previously announced offer to purchase for cash (the "Tender Offer") any and all of its outstanding 6.950% Notes due 2043 (the "Notes") and related solicitation (the "Consent Solicitation") of consents from holders (the "Holders") of its outstanding Notes from 5:00 p.m., New York City time, July 24, 2023, to 5:00 p.m., New York City time, August 2, 2023 (as amended, the "Early Tender Date"). According to information received from D.F. King & Co., Inc., the tender and information agent for the Tender Offer and Consent Solicitation (the "Tender and Information Agent"), as of 5:00 p.m., New York City time, on the date of this press release, the Company received Notes validly tendered and consents representing an aggregate principal amount equal to USD 193,087,000 (or 89.36% of the aggregate principal amount outstanding of Notes as of the date of this press release) and therefore has obtained the Requisite Consents necessary to give effect to the Proposed Amendments. Consequently, the Company expects to execute the Twelfth Supplemental Indenture effecting the Proposed Amendments on or prior to the Early Settlement Date (as defined below).
The Twelfth Supplemental Indenture will become effective upon its execution and delivery by the Company and the Trustee but will not become operative until the Company has paid the Consent Payment in full. Payment for Notes validly tendered at or prior to the Early Tender Date and accepted for purchase will be made concurrently with payment for Notes tendered after the Early Tender Date and at or prior to the Expiration Date and accepted for purchase, on a single settlement date, expected to be within one business day following the Expiration Date, or as promptly as practicable thereafter (such date, the "Early Settlement Date" and the "Final Settlement Date"). The Expiration Date remains 5:00 p.m., New York City time, on August 7, 2023, unless the Tender Offer and Consent Solicitation are extended or earlier terminated by us.
