debt
confidence high
sentiment neutral
materiality 0.70
Post Holdings calls $459.3M of 5.75% notes due 2027, funds with new 6.25% notes due 2032
Post Holdings, Inc.
- Conditional notice to redeem all $459.3M of 5.75% senior notes due 2027 on March 1, 2024.
- Redemption price set at 100.958% of principal plus accrued interest; financing condition required.
- Funds from $1.0B of 6.25% senior secured notes due 2032 (priced Feb 5, 2024) will partly fund redemption.
- Company also expects to use revolver borrowing and cash on hand to satisfy the redemption amount.