DEBT | DEBT June 30, June 30, Short-term debt $ 9.2 $ 3.7 2018 Coty Credit Agreement 2018 Coty Revolving Credit Facility due April 2023 368.1 — 2018 Coty Term A Facility due April 2023 3,371.5 — 2018 Coty Term B Facility due April 2025 2,390.5 — Senior Unsecured Notes 2026 Dollar Notes due April 2026 550.0 — 2023 Euro Notes due April 2023 640.9 — 2026 Euro Notes due April 2026 291.4 — Galleria Credit Agreement Galleria Revolving Credit Facility due September 2021 — — Galleria Term Loan A Facility due September 2021 — 944.3 Galleria Term Loan B Facility due September 2023 — 1,000.0 2015 Coty Credit Agreement Coty Revolving Credit Facility due October 2020 — 810.0 Coty Term Loan A Facility due October 2020 — 1,792.8 Coty Term Loan A Facility due October 2021 — 950.6 Coty Term Loan B Facility due October 2022 — 1,712.5 Other long-term debt and capital lease obligations 1.6 1.7 Total debt 7,623.2 7,215.6 Less: Short-term debt and current portion of long-term debt (218.9 ) (209.1 ) Total Long-term debt 7,404.3 7,006.5 Less: Unamortized debt issuance costs (a) (b) (86.2 ) (67.6 ) Less: Discount on Long-term debt (12.7 ) (10.6 ) Total Long-term debt, net $ 7,305.4 $ 6,928.3 (a) Balances as of June 30, 2018 consist of unamortized debt issuance costs of $31.4 for the 2018 Coty Revolving Credit Facility, $29.2 for the 2018 Coty Term A Facility, $10.9 for the 2018 Coty Term B Facility, $8.3 for the 2026 Dollar and Euro Notes and $6.4 for the 2023 Euro Notes. (b) Balances as of June 30, 2017 consist of unamortized debt issuance costs of $17.5 for the Coty Revolving Credit Facility, $33.2 for the Coty Term Loan A Facility, $11.3 for the Coty Term Loan B Facility, $2.7 for the Galleria Term Loan A Facility and $3.0 for the Galleria Term Loan B Facility. Unamortized debt issuance costs of $4.2 for the Galleria Revolving Credit Facility were classified as Other noncurrent assets as of June 30, 2017 . Short-Term Debt The Company maintains short-term lines of credit with financial institutions around the world. Total available lines of credit were $129.2 and $132.4 , of which $4.7 and $3.2 were outstanding at June 30, 2018 and 2017 , respectively. Interest rates on these short-term lines of credit vary depending on market rates for borrowings within the respective geographic locations plus applicable spreads. Interest rates plus applicable spreads on these lines ranged from 0.2% to 10.7% and from 0.4% to 11.2% as of June 30, 2018 and 2017 , respectively. The weighted-average interest rate on short-term debt outstanding was 2.2% and 3.0% as of June 30, 2018 and 2017 , respectively. In addition, the Company had undrawn letters of credit of $5.4 and $5.5 as of June 30, 2018 and 2017 , respectively. Long-Term Debt The Company’s long-term debt facilities consisted of the following as of June 30, 2018 : Facility Maturity Date Borrowing Capacity (in millions) Interest Rate Terms Applicable Interest Rate Spread as of Debt Discount Repayment Schedule 2018 Coty Revolving Credit Facility April 2023 $3,250.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) (e) 1.75% N/A (b) Payable in full at maturity date 2018 Coty Term A Facility - USD Portion April 2023 $1,000.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) 1.75% N/A (b) Quarterly repayments beginning September 30, 2018 at 1.25% of original principal amount 2018 Coty Term A Facility - EUR Portion April 2023 €2,035.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) 1.75% N/A (b) Quarterly repayments beginning September 30, 2018 at 1.25% of original principal amount 2018 Coty Term B Facility - USD Portion April 2025 $1,400.0 LIBOR (a) plus a margin of 2.25% per annum or a base rate plus a margin of 1.25% per annum (d) 2.25% 0.25% Quarterly repayments beginning September 30, 2018 at 0.25% of original principal amount 2018 Coty Term B Facility - EUR Portion April 2025 €850.0 LIBOR (a) plus a margin of 2.50% per annum (d) 2.50% 0.25% Quarterly repayments beginning September 30, 2018 at 0.25% of original principal amount 2026 Dollar Notes April 2026 $550.0 6.5% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2018 N/A (b) N/A (b) Payable in full at maturity date 2023 Euro Notes April 2023 €550.0 4.0% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2018 N/A (b) N/A (b) Payable in full at maturity date 2026 Euro Notes April 2026 €250.0 4.75% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2018 N/A (b) N/A (b) Payable in full at maturity date (a) As defined below. (b) N/A - Not Applicable. (c) As defined per the 2018 Coty Credit Agreement. (d) The selection of the applicable one, two, three, six or twelve month interest rate for the period is at the discretion of the Company. (e) The Company will pay to the Revolving Credit Facility lenders an unused commitment fee calculated at a rate ranging from 0.10% to 0.35% per annum, based on the Company’s total net leverage ratio (c) . As of June 30, 2018 , the applicable rate on the unused commitment fee was 0.30% . The Company’s long-term debt facilities consisted of the following as of June 30, 2017: Facility Maturity Date Borrowing Capacity (in millions) Interest Rate Terms Applicable Interest Rate Spread as of Debt Discount Repayment Schedule Galleria Revolving Credit Facility (a) September 2021 $1,500.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) (f) 1.75% N/A (b) Payable in full at maturity date Galleria Term Loan A Facility (a) September 2021 $2,000.0 (g) LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning December 31, 2017 at 1.25% of original principal amount Galleria Term Loan B Facility (a) September 2023 $1,000.0 LIBOR (a) plus a margin of 3.00% or a base rate, plus a margin of 2.00% (f) 3.00% 0.50% Quarterly repayments Coty Revolving Credit Facility (a) October 2020 $1,500.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) (f) 1.75% N/A (b) Payable in full at maturity date Coty Term Loan A Facility (a) - USD Portion October 2020 $1,750.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning June 30, 2016 at 1.25% of original principal amount Coty Term Loan A Facility (a) - Euro Portion October 2020 €140.0 EURIBOR (a) plus a margin of 1.00% to 2.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning September 30, 2016 at 1.25% of original principal amount Incremental Term A Facility (a) October 2021 $975.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning March 31, 2017 at 1.25% of original principal amount Coty Term Loan B Facility (a)(h) - USD Portion and Incremental Term B Facility (a) October 2022 $600.0 LIBOR (a) plus a margin of 2.50% or a base rate, plus a margin of 2.00% (f) 2.50% 0.50% Quarterly repayments beginning June 30, 2016 at 0.25% of original principal amount Coty Term Loan B Facility (a) - Euro Portion October 2022 €990.0 (e) EURIBOR (a) plus a margin of 2.75% 2.75% 0.50% See below. (e) (a) As defined below. (b) N/A - Not Applicable. (c) As defined per the respective loan agreement. (d) Additionally the Company paid to the Revolving Credit Facility lenders an unused commitment fee calculated at a rate ranging from 0.25% to 0.50% per annum, based on the Company’s total net leverage ratio (c) . As of June 30, 2017 , the applicable rate on the unused commitment fee was 0.50% . (e) Included €665.0 million of the Euro portion of Coty Term Loan B Facility originated on October 27, 2015, and the €325.0 million from the Incremental Term Loans, as defined below, originated on April 8, 2016. Repayments on the €665.0 million portion were payable quarterly beginning on June 30, 2016 at 0.25% of the original principal amount. Repayments on the €325.0 million Incremental Term Loan B were payable quarterly beginning on September 30, 2016 at 0.25% of the original principal amount. (f) The selection of the applicable interest rate for the period is at the discretion of the Company. (g) At the closing of the P&G Beauty Business acquisition, $944.3 were assumed under the Galleria Credit Agreement. The remaining unused loan commitments for the Galleria Term Loan A Facility expired. (h) Refinanced as part of the Incremental Assumption Agreement (a) on October 28, 2016 and part of the Refinancing Facilities (a) . The Company’s long term debt facilities consisted of the following as of June 30, 2016: Facility Maturity Date Borrowing Capacity (in millions) Interest Rate Terms Applicable Interest Rate Spread as of June 30, 2016 Debt Discount Repayment Schedule Coty Revolving Credit Facility (a) October 2020 $1,500.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (d) (f) 1.75% N/A (b) Payable in full at maturity date Coty Term Loan A Facility (a) - USD Portion October 2020 $1,750.0 LIBOR (a) plus a margin ranging from 1.00% to 2.00% per annum or a base rate plus a margin ranging from 0.00% to 1.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning June 30, 2016 at 1.25% of original principal amount Coty Term Loan A Facility (a) - Euro Portion October 2020 €140.0 EURIBOR (a) plus a margin of 1.00% to 2.00% per annum, based on the Company’s total net leverage ratio (c) (f) 1.75% N/A (b) Quarterly repayments beginning September 30, 2016 at 1.25% of original principal amount Coty Term Loan B Facility (a) - USD portion October 2022 $500.0 LIBOR (a) (subject to a 0.75% floor) plus a margin of 3.00% or a base rate (subject to a 1.75% floor), plus a margin of 2.00% (f) 3.00% 0.50% Quarterly repayments beginning June 30, 2016 at 0.25% of original principal amount Coty Term Loan B Facility (a) - Euro portion October 2022 €990.0 (e) EURIBOR (a) (subject to a 0.75% floor) plus a margin of 2.75% 2.75% 0.50% Quarterly repayments beginning June 30, 2016 at 0.25% of original principal amount (e) (a) As defined below. (b) N/A - Not Applicable. (c) As defined per the respective loan agreement. (d) Additionally the Company paid to the Coty Revolving Credit Facility and Galleria Revolving Facility lenders an unused commitment fee calculated at a rate ranging from 0.25% to 0.50% per annum, based on the Company’s total net leverage ratio (c) . As of June 30, 2016, the applicable rate on the unused commitment fee was 0.50% . (e) Included €665.0 million of the Euro portion of Term Loan B originated on October 27, 2015, and the €325.0 million from the Incremental Term Loans, as defined below, originated on April 8, 2016. Repayments on the €325.0 million Incremental Term Loan B were payable quarterly beginning on September 30, 2016 at 0.25% of the original principal amount. (f) The selection of the applicable interest rate for the period is at the discretion of the Company. Offering of Senior Unsecured Notes On April 5, 2018 the Company issued, at par, $550.0 of 6.50% senior unsecured notes due 2026 (the “2026 Dollar Notes”), €550.0 million of 4.00% senior unsecured notes due 2023 (the “2023 Euro Notes”) and €250.0 million of 4.75% senior unsecured notes due 2026 (the “2026 Euro Notes” and, together with the 2023 Euro Notes, the “Euro Notes,” and the Euro Notes together with the 2026 Dollar Notes, the “Senior Unsecured Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the U.S. pursuant to Regulation S under the Securities Act. The net proceeds of this offering, together with borrowings under the Company’s 2018 Credit Agreement were used to repay in full and refinance the indebtedness outstanding under the 2015 Coty Credit Agreement and Galleria Credit Agreement and to pay accrued interest, related premiums, fees and expenses in connection therewith. The Senior Unsecured Notes are senior unsecured debt obligations of the Company and will be pari passu in right of payment with all of the Company’s existing and future senior indebtedness (including the 2018 Coty Credit Facilities described below). The Senior Unsecured Notes are guaranteed, jointly and severally, on a senior basis by the Guarantors (as later defined under “ 2018 Coty Credit Agreement” ). The Senior Unsecured Notes are senior unsecured obligations of the Company and are effectively junior to all existing and future secured indebtedness of the Company to the extent of the value of the collateral securing such secured indebtedness. The related guarantees are senior unsecured obligations of each Guarantor and are effectively junior to all existing and future secured indebtedness of such Guarantor to the extent of the value of the collateral securing such indebtedness. In addition to the optional redemption outlined below, the Company may, at its option, redeem either series of the Euro Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Euro Notes to be redeemed, together with any accrued and unpaid interest thereon to, but excluding, the redemption date, at any time, upon the occurrence of certain tax events. Upon the occurrence of certain change of control triggering events with respect to a series of Senior Unsecured Notes, the Company will be required to offer to repurchase all or part of the Senior Unsecured Notes of such series at 101% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the purchase date applicable to such Senior Unsecured Notes. The Notes contain customary covenants that place restrictions in certain circumstances on, among other things, incurrence of liens, entry into sale or leaseback transactions, sales of all or substantially all of the Company’s assets and certain merger or consolidation transactions. The Notes also provide for customary events of default. Optional Redemption Applicable Premium The indenture governing the Senior Unsecured Notes (the “Indenture”) specifies the Applicable Premium (as defined in the Indenture) to be paid upon early redemption of some or all of the 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes. The Applicable Premium related to the 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes on any redemption date and as calculated by the Company is the greater of: (1) 1.0% of the then outstanding principal amount of the respective 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes; and (2) the excess, if any, of (a) the present value at such redemption date of (i) the redemption price of such 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes that would apply if such 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes were redeemed on April 15, 2021, April 15, 2020 or April 15, 2021, respectively (such redemption price is expressed as a percentage of the principal amount being set forth in the table appearing in the Redemption Pricing section below), plus (ii) all remaining scheduled payments of interest due on the 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes to and including April 15, 2021, April 15, 2020 and April 15, 2021, respectively (excluding accrued but unpaid interest, if any, to, but excluding, the redemption date), with respect to each of subclause (i) and (ii), computed using a discount rate equal to the Treasury Rate in the case of the 2026 Dollar Notes or Bund Rate in the case of both the 2020 Euro Notes or 2026 Euro Notes (both Treasury Rate and Bund Rate as defined in the Indenture) as of such redemption date plus 50 basis points; over (b) the principal amount of the respective 2026 Dollar Notes, 2023 Euro Notes or 2026 Euro Notes. Redemption Pricing At any time and from time to time prior to April 15, 2021, April 15, 2020 and April 15, 2021, the Company may redeem some or all of the 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes, respectively, at redemption prices equal to 100% of the respective principal amounts being redeemed plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates. At any time on or after April 15, 2021, April 15, 2020 and April 15, 2021, the Company may redeem some or all of the 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes, respectively, at the redemption prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates, if redeemed during the twelve-month period beginning on April 15 of each of the years indicated below: Price Year 2026 Dollar Notes 2023 Euro Notes 2026 Euro Notes 2020 N/A 102.0000% N/A 2021 104.8750% 101.0000% 103.5625% 2022 103.2500% 100.0000% 102.3750% 2023 101.6250% 100.0000% 101.1875% 2024 and thereafter 100.0000% N/A 100.0000% In addition, at any time prior to April 15, 2021, April 15, 2020 and April 15, 2021, the Company may redeem up to 35% of the aggregate principal amounts of the outstanding 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes, respectively, using the net cash proceeds from certain equity offerings at redemption prices (expressed as a percentage of the principal amount) of 106.50% , 104.00% and 104.75% , respectively, plus accrued and unpaid interest, if any, to, but excluding, the redemption dates; provided that (i) at least 65% of the aggregate principal amount of 2026 Dollar Notes, 2023 Euro Notes and 2026 Euro Notes, respectively, originally issued on the date of the Indenture remain outstanding after each such redemption, and (ii) notice of any such redemption is delivered to the Trustee within 90 days of the closing of each such equity offering. 2018 Coty Credit Agreement On April 5, 2018, the Company entered into a new credit agreement (the “2018 Coty Credit Agreement”), which amended and restated the previously existing 2015 Coty Credit Agreement. The 2018 Coty Credit Agreement provides for (a) the incurrence by the Company of (1) a senior secured term A facility in an aggregate principal amount of (i) $1,000.0 denominated in U.S. dollars and (ii) €2,035.0 million denominated in euros (the “2018 Coty Term A Facility”) and (2) a senior secured term B facility in an aggregate principal amount of (i) $1,400.0 denominated in U.S. dollars and (ii) €850.0 million denominated in euros (the “2018 Coty Term B Facility”) and (b) the incurrence by the Company and Coty B.V., a Dutch subsidiary of the Company (the “Dutch Borrower” and, together with the Company, the “Borrowers”), of a senior secured revolving facility in an aggregate principal amount of $3,250.0 denominated in U.S. dollars, specified alternative currencies or other currencies freely convertible into U.S. dollars and readily available in the London interbank market (the “2018 Coty Revolving Credit Facility”) (the 2018 Coty Term A Facility, together with the 2018 Coty Term B Facility and the 2018 Coty Revolving Credit Facility, the “2018 Coty Credit Facilities”). Initial borrowings under the 2018 Coty Term Loan B Facility were issued at a 0.250% discount. The 2018 Coty Credit Agreement provides that with respect to the 2018 Coty Revolving Credit Facility, up to $150.0 is available for letters of credit and up to $150.0 is available for swing line loans. The 2018 Coty Credit Agreement also permits, subject to certain terms and conditions, the incurrence of incremental facilities thereunder in an aggregate amount of (i) $1,700.0 plus (ii) an unlimited amount if the First Lien Net Leverage Ratio (as defined in the 2018 Coty Credit Agreement), at the time of incurrence of such incremental facilities and after giving effect thereto on a pro forma basis, is less than or equal to 3.00 to 1.00. The net proceeds of the Senior Unsecured Notes and the 2018 Coty Credit Facilities were used to repay in full and refinance the indebtedness outstanding under the 2015 Coty Credit Agreement and Galleria Credit Agreement and to pay accrued interest, related premiums, fees and expenses in connection therewith. Future borrowings under the 2018 Coty Credit Agreement could be used for corporate purposes. The obligations of the Company under the 2018 Coty Credit Agreement are guaranteed by the material wholly-owned subsidiaries of the Company organized in the U.S., subject to certain exceptions (the “Guarantors”) and the obligations of the Company and the Guarantors under the 2018 Coty Credit Agreement are secured by a perfected first priority lien (subject to permitted liens) on substantially all of the assets of the Company and the Guarantors, subject to certain exceptions. The Dutch Borrower does not guarantee the obligations of the Company under the 2018 Coty Credit Agreement or grant any liens on its assets to secure any obligations under the 2018 Coty Credit Agreement. 2015 Coty Credit Agreement On October 27, 2015, the Company entered into a Credit Agreement (the “2015 Coty Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent. The 2015 Coty Credit Agreement provided for senior secured credit facilities comprised of (i) a revolving credit facility in an aggregate principal amount up to $1,500.0 (the “Coty Revolving Credit Facility”), which included up to $80.0 in swingline loans available for short term borrowings, (ii) a $1,750.0 term loan A facility (“Coty Term Loan A Facility”) and (iii) a term loan B facility comprising of a $500.0 tranche and a €665.0 million tranche (“Coty Term Loan B Facility”). The Coty Term Loan B Facility was issued at a 0.50% discount. The proceeds of the Coty Credit Agreement were primarily used to refinance the Company’s previously existing debt, which included the 2015 Credit Agreement due March 2018 and facilities under the Coty Inc. Credit Facility (together, the “Prior Coty Inc. Credit Facilities”). On April 8, 2016, the Company entered into an Incremental Assumption Agreement and Amendment No. 1 (the “Incremental Credit Agreement”) to the Coty Credit Agreement. The Incremental Credit Agreement provided for an additional €140.0 million in commitments under the Coty Term Loan A Facility and an additional €325.0 million in commitments under the Coty Term Loan B Facility of the Coty Credit Agreement (the “Incremental Term Loans”). The proceeds of the Incremental Term Loans were used to partially repay outstanding balances under the Revolving Credit Facility. The terms of the €140.0 million and €325.0 million portions of the Incremental Term Loans were substantially the same as the respective existing Coty Term Loan A Facility and Euro denominated portion of the Coty Term Loan B Facility. On October 28, 2016, the Company entered into an Incremental Assumption Agreement and Refinancing Amendment (the “Incremental and Refinancing Agreement”), which amended the Coty Credit Agreement. The Incremental and Refinancing Agreement provided for: (i) an additional Coty Term Loan A Facility in aggregate principal amount of $975.0 in commitments (the “Incremental Term A Facility”), (ii) an additional Coty Term Loan B Facility in aggregate principal amount of $100.0 in commitments (the “Incremental Term B Facility”) and (iii) a refinancing of the previously existing USD and Euro denominated Coty Term Loan B Facility loans (the “Refinancing Facilities”) under the Coty Credit Agreement. The loans made under the Incremental Term A Facility had terms that were substantially identical to the existing Coty Term Loan A Facility except that the loans would have matured on the date that is five years after October 28, 2016. The loans under the Incremental Term B Facility and the Refinancing Facilities had substantially identical terms as the term B loans existing under the 2015 Coty Credit Agreement prior to effectiveness of the Incremental and Refinancing Agreement, except that, among other things: (i) the interest rate with respect to the USD denominated tranche of the Refinancing Facilities and the Incremental Term B Facility would have been, at the Company’s option, either the London Interbank Offered Rate (“LIBOR”) plus an applicable margin of 2.50% or an alternate base rate (“ABR”) equal to the highest of (1) JPMorgan Chase Bank N.A.’s prime rate, (2) the federal funds rate plus 0.50% and (3) one-month LIBOR plus 1.00% , in each case plus an applicable margin of 1.50% and (ii) the LIBOR floor with respect to the LIBOR loans under the Incremental Term B Facility and the Refinancing Facilities is 0.00% . The Company recognized $13.0 of deferred debt issuance costs in connection with the Incremental and Refinancing Agreement. The 2015 Coty Credit Agreement was guaranteed by Coty Inc.’s wholly-owned domestic subsidiaries and secured by a first priority lien on substantially all of Coty Inc. and its wholly-owned domestic subsidiaries’ assets, in each case subject to certain carve outs and exceptions. Galleria Credit Agreement On October 1, 2016, at the closing of the P&G Beauty Business acquisition, the Company assumed the debt facilities available under the Galleria Credit Agreement (the “Galleria Credit Agreement”), which was initially entered into by Galleria on January 26, 2016. The Galleria Credit Agreement provided for the senior secured credit facilities comprised of (i) a $2,000.0 five year term loan A facility (“Galleria Term Loan A Facility”), (ii) a $1,000.0 seven year term loan B facility (“Galleria Term Loan B Facility”) and (iii) a $1,500.0 five year revolving credit facility (“Galleria Revolving Facility”). The Galleria Term Loan B Facility was issued at a 0.5% discount. In connection with the closing of the P&G Beauty Business acquisition, the Company assumed $1,941.8 of aggregate debt outstanding consisting of $944.3 Galleria Term Loan A Facility, $995.0 Galleria Term Loan B Facility, net of a discount and $0.0 outstanding under the Galleria Revolving Facility, as well as $2.5 in assumed fees payable. At the closing of the P&G Beauty Business acquisition, the remaining unused loan commitments for the Galleria Term Loan A Facility expired. The Company recognized $11.4 of deferred debt issuance costs in connection with the Galleria Credit Agreement. The Galleria Credit Agreement was guaranteed by Coty Inc. and its wholly-owned domestic subsidiaries (other than Galleria) and secured by a first priority lien on substantially all of Coty Inc. and its wholly-owned domestic subsidiaries’ assets, in each case subject to certain carve outs and exceptions. Scheduled Amortization The Company will make quarterly payments of 1.25% and 0.25% , beginning on September 30, 2018, of the initial aggregate principal amounts of the 2018 Coty Term A Facility and the 2018 Coty Term B Facility, respectively. The remaining balance of the initial aggregate principal amounts of the 2018 Coty Term A Facility and the 2018 Coty Term B Facility will be payable on the maturity date for each facility, respectively. Deferred Issuance Costs For the fiscal years ended June 30, 2018, 2017 and 2016 , the Company capitalized deferred financing fees of $37.8 , $24.4 , and $59.0 , respectively. As of June 30, 2018 and 2017 , the Company had deferred financing fees of $0.0 and $4.2 recorded in Other noncurrent assets on the Company’s Consolidated Balance Sheets. In connection with the refinancing of the 2015 Coty Credit Agreement and Galleria Credit Agreement, the Company incurred $24.1 in third-party debt issuance costs during the year ended June 30, 2018 . These costs were recorded as Other expense, net in the Consolidated Statement of Operations. Loss on Early Extinguishment on Debt During the fiscal years ended June 30, 2018, 2017 and 2016 , the Company wrote-off $8.7 , $0.0 and $3.1 of unamortized deferred financing fees. Also during the fiscal years ended June 30, 2018, 2017 and 2016 , the Company wrote-off $2.0 , $0.0 and $0.0 of unamortized original issue debt discounts. The write-offs of these unamortized deferred financing fees and unamortized original issue debt discounts are included in Loss on early extinguishment of debt in the Consolidated Statements of Operations. Interest The 2018 Coty Credit Agreement facilities will bear interest at rates equal to, at the Company’s option, either: • LIBOR of the applicable qualified currency, of which the Company can elect the applicable one, two, three, six or twelve month rate, plus the applicable margin; or • ABR plus the applicable margin. In the case of the 2018 Coty Revolving Credit Facility and the 2018 Coty Term A Facility, the applicable margin means the lesser of a percentage per annum to be determined in accordance with the leverage-based pricing grid and the debt rating-based grid below: Pricing Tier Total Net Leverage Ratio: LIBOR plus: Alternative Base Rate Margin: 1.0 Greater than or equal to 4.75:1 2.000% 1.000% 2.0 Less than 4.75:1 but greater than or equal to 4.00:1 1.750% 0.750% 3.0 Less than 4.00:1 but greater than or equal to 2.75:1 1.500% 0.500% 4.0 Less than 2.75:1 but greater than or equal to 2.00:1 1.250% 0.250% 5.0 Less than 2.00:1 but greater than or equal to 1.50:1 1.125% 0.125% 6.0 Less than 1.50:1 1.000% —% Pricing Tier Debt Ratings S&P/Moody’s: LIBOR plus: Alternative Base Rate Margin: 5.0 Less than BB+/Ba1 2.000% 1.000% 4.0 BB+/Ba1 1.750% 0.750% 3.0 BBB-/Baa3 1.500% 0.500% 2.0 BBB/Baa2 1.250% 0.250% 1.0 BBB+/Baa1 or higher 1.125% 0.125% In the case of the USD portion of the 2018 Coty Term B Facility, the applicable margin means 2.25% per annum, in the case of LIBOR loans, and 1.25% per annum, in the case of ABR loans. In the case of the Euro portion of the 2018 Coty Term B Facility, the applicable margin means 2.50% per annum, in the case of EURIBOR loans. In no event will LIBOR be deemed to be less than 0.00% per annum. Fair Value of Debt June 30, 2018 June 30, 2017 Carrying Fair Carrying Fair 2018 Coty Credit Agreement $ 6,130.1 $ 6,070.8 $ — $ — Senior Unsecured Notes 1,482.3 1,449.9 — — Galleria Credit Agreement — — 1,944.3 1,944.0 2015 Coty Credit Agreement — — 5,265.9 5,275.4 The Company uses the market approach to value the 2018 Coty Credit Agreement and the Senior Unsecured Notes. The Company used the market approach to value the 2015 Coty Credit Agreement and the Galleria Credit Agreement. The Company obtains fair values from independent pricing services to determine the fair value of these debt instruments. Based on the assumptions used to value these liabilities at fair value, these debt instruments are categorized a Level 2 in the fair value hierarchy. Debt Maturities Schedule Aggregate maturities of all long-term debt, including current portion of long-term debt and excluding capital lease obligations as of June 30, 2018 , are presented below: Fiscal Year Ending June 30, 2019 $ 192.5 2020 192.5 2021 192.5 2022 192.5 2023 3,730.1 Thereafter 3,112.3 Total $ 7,612.4 Covenants The 2018 Coty Credit Agreement contains affirmative and negative covenants. The negative covenants include, among other things, limitations on debt, liens, dispositions, investments, fundamental changes, restricted payments and affiliate transactions. With certain exceptions as described below, the 2018 Coty Credit Agreement includes a financial covenant that requires us to maintain a Total Net Leverage Ratio (as defined below), equal to or less than the ratios shown below for each respective test period. Quarterly Test Period Ending Total Net Leverage Ratio (a) June 30, 2018 5.50 to 1.00 September 30, 2018 through December 31, 2018 5.50 to 1.00 March 31, 2019 through June 30, 2019 5.25 to 1.00 Septe |