debt
confidence high
sentiment neutral
materiality 0.65
Post Holdings to redeem $464.9M of 5.625% senior notes due 2028 on Dec 2
Post Holdings, Inc.
- Redeeming $464.9M in aggregate principal of 5.625% notes at 100.938% of par plus accrued interest.
- Redemption date expected December 2, 2024; funded with cash on hand including net proceeds from $600M 6.250% notes issued Oct 9, 2024.
- Board approved amendment of 2021 LTIP to increase shares available and extend expiration to Nov 13, 2034; subject to shareholder vote.
- Granted RSUs and PRSUs to named executive officers; CEO Vitale received 43,747 RSUs and 43,747 target PRSUs.
- PRSUs vest based on 3-year TSR relative to peer group with sliding scale up to 260% of target at ≥85th percentile.