BellRing Brands Announces Secondary Offering of 14.8M Shares and Concurrent Repurchase of 800K Shares

BELLRING BRANDS, INC.

BellRing Brands announced underwritten offering of 14,800,000 shares of common stock by selling stockholders at $23.50 per share.
Concurrently, BellRing expects to repurchase 800,000 shares from underwriters at the offering price, subject to completion.
Post Holdings, BellRing's former parent, will exchange its shares for indebtedness held by lenders, who then sell the shares.
BellRing will not receive any proceeds from the offering; Post's ownership will drop to 4,597,339 shares after closing.
Underwriters include J.P. Morgan, Barclays, Morgan Stanley, Citigroup, and Goldman Sachs; offering expected to close August 11, 2022.

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