By Matt Grossman
Natura & Co. Friday detailed the pricing of its planned follow-on share offering, expected to close on or about Oct. 14.
The Brazil-based cosmetics company said it would sell a total of 121.4 million common shares for a total of approximately $1 billion, equivalent to approximately 5.6 billion Brazilian reais. The offering would include common shares priced at 46.25 reais a share, or American depository shares priced at $16.46 an ADS.
ADSs represent two common shares of the company.
Natura said it will use proceeds from the offering to accelerate growth and pay down debt.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
10-09-20 0730ET