secwatch.observer — SEC 8-K summary
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Issuer:     Post Holdings, Inc. (POST)
CIK:        0001530950
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001530950-23-000111
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Post Holdings raises $400M incremental term loan due 2026 for general corporate purposes
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- Incremental term loan of $400M borrowed April 26, 2023; matures April 26, 2026.
- Interest at Base Rate + 1.25% or Adjusted Term SOFR + 2.25% per annum.
- Proceeds for general corporate purposes, including acquisitions, share/debt repurchases, and fees.
- New financial covenants: max secured net leverage ratio 4.25x, min interest coverage 2.00x.
- Mandatory prepayment from excess cash flow (50%-0% based on leverage) and certain asset sales.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530950/000153095023000111/0001530950-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530950/000153095023000111/post-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001530950-23-000111

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