Post Holdings prices $1B of 6.25% senior notes due 2032; upsized from $875M

Post Holdings, Inc.

Priced $1,000M aggregate principal of 6.250% senior notes due 2032 at par, increased from original $875M.
Net proceeds will repay $400M incremental term loan (borrowed Apr 2023) and redeem existing 5.75% notes due 2027.
Closing expected February 20, 2024; redemption of 5.75% notes expected on March 1, 2024.
Notes are secured obligations guaranteed by wholly-owned domestic subsidiaries that guarantee the credit agreement.
Remaining proceeds may be used for general corporate purposes, including acquisitions, share repurchases, or capex.

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