Main Debt instruments — Bonds, Debentures and Promissory Notes as of December 31, 2021
The debt instruments below account for over 90% of the Company’s total debt.
Sustainability-Linked Bond – Issuer: Natura Cosméticos S.A.
| Issue Date | ISIN | Maturity | Principal | Coupon (per year) |
Payment of interest |
|---|---|---|---|---|---|
| 05/03/2021 | 144A: US63883KAB17 RS: USP7088CAC03 |
05/03/2028 | US$1,000.0 million(1) | 4.125% | 6 months (May and November) |
(1) Principal and interests fully hedged (swapped to BRL). For more information, see the explanatory notes to the Company’s financial statements.
For more information on Sustainability Linked Bond issuance, please access the following documents:
- Notice to the Market – Successful Closing of Sustainability-Linked Bond Issue
- Sustainability-Linked Bond – Framework
- Sustainability-Linked Bond – Second Party Opinion
Bonds – Issuer: Avon Products, Inc.
| Instrument | Issue Date | Maturity Date | ISIN | Principal | Coupon (per year) | Payment of interest |
|---|---|---|---|---|---|---|
| Unsecured Bonds | 03/12/2013 | 03/15/2023 | US054303BA99 | US$ 461.9 million | 6.500%(1) | 6 months (March and September) |
| Unsecured Bonds | 03/12/2013 | 03/15/2043 | US054303AZ59 | US$ 216.1 million | 8.450%(1) | 6 months (March and September) |
(1) Coupon based on current credit ratings, governed by interest rate adjustment provisions
Debentures – Issuer: Natura Cosméticos S.A.
| Issuance | Issue Date | Ticker | Maturity | Principal | Remuneration | Payment of interest |
|---|---|---|---|---|---|---|
| 9th issue 2018 | 09/21/2018 | NATU39 | 09/21/2022 | BRL 302.7 million | 112.00% DI rate | 6 months (March and September) |
| 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 |
Debt Amortization Schedule1
Natura &Co Holding S.A. consolidated position, as of December 31, 2021.
(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.
Debt Profile
Natura &Co Holding S.A. consolidated position, as of December 31, 2021.
Indebtedness Ratio Evolution
| Value (BRL million) |
Dec-20 Natura Cosméticos S.A.(3) |
Dec-20 |
Mar-21 Natura Cosméticos S.A.(3) |
Mar-21 |
Jun-21 |
Jun-21 |
Sep-21 |
Sep-21 |
Dec-21 Natura Cosméticos S.A.(3) |
Dec-21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Short Term | 3,062 | 3,806 | 2,481 | 3,235 | 2,699 | 3,072 | 925 | 1,156 | 681 | 945 |
| Long Term | 6,065 | 9,568 | 6,461 | 10,302 | 7,303 | 10,676 | 7,464 | 11,133 | 7,614 | 11,380 |
| Gross Debt(1) | 9,128 | 13,373 | 8,942 | 13,356 | 10,002 | 13,748 | 8,388 | 12,289 | 8,296 | 12,325 |
| Foreign Currency Hedging (Swaps)(2) | (1,626) | (1,626) | (2,006) | (2,006) | 189 | 189 | (230) | (230) | (379) | (379) |
| Total Gross Debt | 7,502 | 11,747 | 6,936 | 11,530 | 10,191 | 13,937 | 8,158 | 12,059 | 7,917 | 11,946 |
| Cash and Short-Term Deposits | (5,151) | (8,342) | (3,818) | (6,576) | (6,144) | (7,989) | (3,738) | (5,359) | (4,669) | (5,986) |
| Total net debt | 2,351 | 3,405 | 3,118 | 4,954 | 4,047 | 5,948 | 4,421 | 6,700 | 3,247 | 5,960 |
| Net Debt/ EBITDA(4) | 0.90x | 1.44x | 1.08x | 1.66x | 1.49x | 2.02x | 1.84x | 2.74x | 1.21x | 2.19x |
| Net Debt/ EBITDA(5) | 0.68x | 0.97x | 0.82x | 1.18x | 1.10x | 1.43x | 1.32x | 1.83x | 0.90x | 1.52x |
(1) Gross debt: excludes Purchase Price Allocation (PPA) effects and lease agreements.
(2) Foreign currency debt hedging instruments, excluding mark-to-market effects.
(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.