debt
confidence high
sentiment neutral
materiality 0.55
Post Holdings prices $1.2B of 6.375% senior notes due 2033
Post Holdings, Inc.
- $1,200M aggregate principal of 6.375% senior notes due 2033 priced at par; closing expected August 22, 2024.
- Proceeds to fund tender offer for up to $475M of its 5.625% notes due 2028 and repay revolver.
- Remaining net proceeds for general corporate purposes, including acquisitions and share repurchases.
- Notes are unsecured senior obligations guaranteed by domestic subsidiaries; exempt registration under Rule 144A/Reg S.