We advised Avon on its tender offer for outstanding 6.95% notes due 2043

Davis Polk advised Avon Products, Inc. in connection with a cash tender offer to purchase any and all of its outstanding 6.950% notes due 2043. Upon expiration of the tender offer, $194 million aggregate principal amount of notes were tendered and accepted for purchase by Avon.

For 130 years Avon has stood for women: providing innovative, quality beauty products which are primarily sold to women, through women. Millions of independent representatives across the world sell iconic Avon brands such as Avon Color and ANEW through their social networks, building their own beauty businesses on a full- or part-time basis. Avon is a wholly owned subsidiary of Natura & Co Holding S.A.

The Davis Polk corporate team included Manuel Garciadiaz, Lourenço Lopes-Sabino and Alexandre Diniz. The tax team included Christopher A. Baratta, Benjamin Helfgott and Dmitry Dobrovolskiy. Members of the Davis Polk team are based in the São Paulo and New York offices.