Post Holdings, Inc. (POST): debt financing — Post Holdings issues $1B 6.25% senior secured notes due 2032; upsizes revolver to $1B

Post Holdings, Inc.

Issued $1,000M aggregate principal of 6.25% senior secured notes due Feb 15, 2032.
Amended credit agreement: new $1,000M revolver (up from $750M), maturity Feb 20, 2029.
Administrative agent changed from Barclays to JPMorgan Chase.
Proceeds used to repay $300M revolver, $400M term loan, and fund redemption of $459.3M 5.75% notes due 2027.
Notes are secured senior unsubordinated obligations; equal in right of payment with senior debt.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Post Holdings, Inc. incurred senior notes of $1,000.0 million with Computershare Trust Company, N.A. at 6.25% per year maturing February 15, 2032.

Instrument: senior notes
Principal: $1,000.0 million
Counterparty: Computershare Trust Company, N.A.
Rate: 6.25% per year
Maturity: February 15, 2032
Event: incurrence

Exact text from the filing

On February 20, 2024, the Company issued 6.25% senior secured notes due 2032 (the "Notes") at par in an aggregate principal amount of $1,000.0 million to certain persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in transactions outside of the United States in reliance on Regulation S under the Securities Act.

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Post Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001530950-24-000077

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