Post Holdings Inc (POST) has released an update.
Post Holdings, Inc. has successfully upsized and priced its senior secured notes offering at $1 billion with a 6.250% yield, due in 2032. The offering, set to close on February 20, 2024, will fund the repayment of the Company’s $400 million incremental term loan and the redemption of their existing 5.75% senior notes due in 2027. Any leftover proceeds will be allocated to general corporate activities, potentially including debt reduction, acquisitions, and share buybacks. The notes were offered to selected institutional buyers in the U.S. and to certain international investors, in line with securities regulations.
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For a comprehensive understanding of the announcement, you can read the full document here.
