debt
confidence high
sentiment neutral
materiality 0.60
Post Holdings issues $600M of 6.250% senior notes due 2034
Post Holdings, Inc.
- Aggregate principal amount $600M, coupon 6.250%, maturity October 15, 2034.
- Interest payable semi-annually on April 15 and October 15; first payment April 15, 2025.
- Notes are senior unsecured obligations, fully and unconditionally guaranteed by subsidiary guarantors.
- Up to 40% redeemable before Oct 15, 2027 with equity offering proceeds; make-whole call until Oct 15, 2029; then declining premiums.
- Change of control triggers a put option at 101% of principal plus accrued interest.