Natura Cosméticos $1 billion sustainability-linked notes offering
We advised Natura on the sustainability-linked notes
5/3/2021

Davis Polk advised Natura Cosméticos S.A. (“Natura”) as issuer in connection with the Rule 144A / Regulation S offering by Natura of $1 billion aggregate principal amount of its 4.125% notes due 2028 guaranteed by Natura &Co Holding S.A., as part of Natura’s Sustainability-Linked Bond Framework.

Natura &Co is a global multi-channel, multi-brand cosmetics group that includes the Avon, Natura, The Body Shop and Aesop brands. The four brands that make up the group are committed to generating positive economic, social and environmental impacts.

The Davis Polk corporate team included Manuel Garciadiaz and Lourenco Lopes-Sabino. Po Sit and Tracy L. Matlock advised on U.S. tax matters. Allison Gunther advised on U.S. 1940 Act matters. Members of the Davis Polk team are based in the New York and São Paulo offices.