other material
confidence high
sentiment neutral
materiality 0.60
BellRing Brands files pro forma financials post spin-off and debt restructuring
BELLRING BRANDS, INC.
- Pro forma net sales $306.5M for Q1 FY2022, net earnings $27.2M; EPS $0.20.
- For FY2021, pro forma net sales $1,247.1M, net earnings $64.1M; EPS $0.47.
- New debt: $550.4M 7.00% Senior Notes due 2030 and $109M drawn under new $250M credit facility.
- Old BellRing debt of $519.8M repaid; tax receivable liability of $10.5M reversed.
- Post Holdings spun off 80.1% of New BellRing; Old BellRing shareholders got 1 share + $2.97 cash.