Post Holdings to Issue $500 Million in Senior Notes
St. Louis-based Post Holdings, Inc. has announced plans to launch a private offering of $500 million in senior notes due 2034. These notes will be unsecured and will be guaranteed by the company’s existing and future domestic subsidiaries. The offering is subject to market conditions and the final terms may differ from current expectations.
Proceeds to be Used for Debt Repayment and General Corporate Purposes
Post Holdings intends to use the net proceeds from the notes offering to pay off existing debt, including the company’s outstanding 5.625% senior notes due 2028. Any remaining proceeds will be used for general corporate purposes, which could include acquisitions, share repurchases, and capital expenditures.
Offering Details
The offering is expected to be completed to qualified institutional buyers through an exemption from registration under Rule 144A. The notes and related guarantees will also be offered to non-U.S. persons outside the United States. The offering is not contingent upon the redemption of the 5.625% senior notes due 2028, which is expected to occur on or after December 1, 2024.
Forward-Looking Statements
This press release contains forward-looking statements, which are subject to various factors, risks, and uncertainties that could cause actual results to differ materially from those described. The company may not complete the offering as described and cannot provide any assurance regarding the final terms or its ability to effectively apply the net proceeds as intended. The company disclaims any obligation to update these forward-looking statements.
About Post Holdings, Inc.
Post Holdings, Inc. is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice, and food ingredient categories. The company is headquartered in St. Louis, Missouri.
