Indebtedness

Main Debt instruments — Bonds, Debentures and Promissory Notes as of 12/31/2020

The debt instruments below account for over 90% of the Company’s total debt.

Bonds

Issuer: Natura Cosméticos S.A.

Issuance Issue Date ISIN Maturity Principal Coupon
(per year)
Payment of interest
1st issue
2018
02/01/2018 144A: US63883KAA34
RS: USO7088CTF33
02/01/2023 US$ 750.0 million(1) 5.375% 6 months
(February and August)

(1) Principal and interests fully hedged (swapped to BRL). For more information, see the explanatory notes to the Company’s financial statements.


Issuers: Avon Products, Inc. 

(1) Coupon based on current credit ratings, governed by interest rate adjustment provisions
Issuer Instrument Issue Date Maturity Date ISIN Principal Coupon (per year) Payment of interest
Avon
Products, Inc.
Unsecured Bonds 03/12/2013 03/15/2023 US054303BA99 US$ 461.9 million 7.000%(1) 6 months
(March and September)
Avon
Products, Inc.
Unsecured Bonds 03/12/2013 03/15/2043 US054303AZ59 US$ 216.1 million 8.950%(1) 6 months
(March and September)

 

Debentures

Issuer: Natura Cosméticos S.A.

Issuance Issue Date Ticker Maturity Principal Remuneration Payment of interest
7th issue 2017 09/25/2017 NATU27 09/25/2021 BRL 1,827.3 million DI + 1.75% per year 6 months
(March and September)
9th issue 2018 09/21/2018 NATU29 09/21/2021 BRL 308.3 million 110.50% DI rate 6 months
(March and September)
NATU39 09/21/2022 BRL 302.7 million 112.00% DI rate
10th issue 2019 08/28/2019 NATA01 08/26/2024 BRL 400.0 million DI + 1.00 per year 6 months
(February and August)
08/29/2019 NATB01 08/26/2024 BRL 95.7 million DI + 1.15 per year
NATC01 08/26/2024 BRL 686.2 million DI + 1.15 per year
NATD01 08/26/2024 BRL 394.5 million DI + 1.15 per year

Promissory Notes

Issuer: Natura &Co Holding S.A.

Issuance Issue Date Maturity Principal Remuneration Payment of interest
2nd issue 05/04/2020 05/04/2021  BRL 500.0 million DI + 3.25% per year May


Issuer: Natura Cosméticos S.A.

Issuance Issue Date Maturity Principal Remuneration Payment of interest
1st issue 05/04/2020 05/04/2021  BRL 250.0 million DI + 3.25% per year May

Debt Amortization Schedule1

Natura &Co Holding S.A. consolidated position, as of December 31, 2020.

(1) Gross debt: i) excludes Purchase Price Allocation (PPA) effects;  ii) amounts net of hedge effects; iii) includes accrued interests up to the due date.

 

 

Indebtedness Ratio Evolution

 

 

Value
(BRL million)

Dec-19 Natura Cosméticos S.A.(3)

Dec-19
Natura &Co Holding
S.A.(3)

Mar-20 Natura Cosméticos S.A.(3)

Mar-20
Natura &Co Holding
S.A.(3)

Jun-20 Natura Cosméticos S.A.(3)

Jun-20
Natura &Co Holding
S.A.(3)

Sep-20 Natura Cosméticos S.A.(3)

Sep-20
Natura &Co Holding
S.A.(3)

Dec-20 Natura Cosméticos S.A.(3)

Dec-20
Natura &Co Holding
S.A.(3)

    Short Term 471 3,354 787 1,943 1,178 2,631 3,214 4,536 3,062 3,806
    Long Term 7,432 7,432 8,343 16,610 8,540 17,256 6,432 15,262 6,065 9,568
Total Debt(1) 7,903 10,786 9,130 18,553 9,718 19,887 9,645 19,797 9,128 13,373
Hedge Accrual Adjustment (662) (662) (1,619) (1,619) (1,875) (1,875) (1,990) (1,990) (1,626) (1,626)
Hedge MTM
Adjustment
(65) (65) (305) (305) (286) (286) (282) (282) (240) (249)
Accounting Debt 7,176 10,059 7,207 16,629 7,558 17,726 7,373 17,525 7,253 11,498
Leasing NASP/HUB(2) 0 0 0 0 0 0 0 0 0 0
Hedge MTM
Adjustment
65 65 305 305 286 286 282 282 249 249
Treasury Debt 7,241 10,124 7,512 16,934 7,844 18,012 7,655 17,807 7,502 11,747
  Cash and Short-Term Deposits (2,489) (5,539) (2,447) (4,566) (3,685) (7,390) (4,264) (7,951) (5,151) (8,342)
Total net debt 4,752 4,585 5,065 12,368 4,159 10,622 3,391 9,857 2,351 3,405
Net Debt / EBITDA(4) 2.49x 2.41x 2.70x 4.91x 2.04x 4.83x 1.33x 3.92x 0.90x 1.16x
Net Debt / EBITDA(5) 2,02x 3,93x 1.52x 3.63x 1.03x 3.00x 0.68x 0.97x

(1) Gross debt: excludes Purchase Price Allocation (PPA) effects.
(2) Lease agreements  are not included in the Treasury debt amount.
(3) Until Sep-19 indebtedeness is presented for Natura Cosméticos S.A. only. From Dec-19, the indebtedness calculation is presented for Natura Cosméticos S.A. and also for Natura &Co Holding S.A., separately.
(4) Indebtedness ratio excluding IFRS 16 effects.
(5) Indebtedness ratio including IFRS 16 effects.  

 

Última atualização em March 22, 2021

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