BellRing completes spin-off from Post; issues $840M notes and distributes 78M shares

BELLRING BRANDS, INC.

Post contributed $550.4M cash and BellRing LLC interests to New BellRing for $840M in 7.00% senior notes due 2030.
Post distributed 78,076,841 shares of New BellRing common stock to Post shareholders in pro-rata distribution.
Old BellRing stockholders received 1 share of new stock + $2.97 cash per share; final ownership: Post 14.2%, Post shareholders 57.3%, former Old BellRing stockholders 28.5%.
New BellRing (BRBR) begins trading on NYSE; the BellRing LLC credit agreement was terminated and fully repaid.
Post and New BellRing entered amended master services, employee matters, and tax agreements effective March 10, 2022.

item 1.01 item 2.01 item 1.02 item 3.03 item 5.03 item 5.01 item 5.02 item 5.07 item 9.01

Executive movements

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Appointed

Darcy Horn Davenport

Director

BRBR · BELLRING BRANDS, INC.

Effective: 2022-03-10
Filed: March 10, 2022, 6:59 PM ET

the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.

Appointed

Paul A. Rode

Director

BRBR · BELLRING BRANDS, INC.

Effective: 2022-03-10
Filed: March 10, 2022, 6:59 PM ET

the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Darcy Horn Davenport was appointed as Director at BELLRING BRANDS, INC..

Action: appointed
Role: Director

Exact text from the filing

the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul A. Rode was appointed as Director at BELLRING BRANDS, INC..

Action: appointed
Role: Director

Exact text from the filing

the election and appointment of Darcy Horn Davenport and Paul A. Rode as directors of Old BellRing.

View on SEC.gov

BELLRING BRANDS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-072017

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