Post Holdings Announces Redemption of $459.3 Million 5.75% Senior Notes Due March 2027
15 Fevereiro 2024 - 6:15PM
Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today
announced it intends to redeem 100%, or $459.3 million in aggregate
principal amount, of its outstanding 5.75% senior notes due March
2027 (CUSIPS: 737446AM6, U7318UAL6 and U7318UAM4) (the “2027
Notes”) on March 1, 2024 (the “redemption date”). The 2027 Notes
will be redeemed at a redemption price of 100.958% of the principal
amount thereof, plus the accrued and unpaid interest to, but
excluding, the redemption date (the “redemption amount”). Beginning
on the redemption date, the 2027 Notes will no longer be deemed
outstanding and interest will no longer accrue on such securities.
Computershare Trust Company, N.A. is the trustee for the 2027
Notes.
The Company’s redemption of the 2027 Notes is
subject to the satisfaction or waiver, in its discretion, of the
condition that the Company consummate financing in an amount that
is sufficient to fund the redemption amount. As previously
disclosed, on February 5, 2024, the Company priced $1,000.0 million
in aggregate principal amount of 6.25% senior secured notes due
2032 (the “2032 Notes”) in a private offering that is expected to
close on February 20, 2024. The Company plans to use a portion of
the net proceeds from the 2032 Notes offering, together with a
borrowing under the Company’s revolving credit facility and cash on
hand, to fund the redemption amount.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company with businesses operating
in the center-of-the-store, refrigerated, foodservice and food
ingredient categories. Its businesses include Post Consumer Brands,
Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands
is a leader in the North American ready-to-eat cereal and pet food
categories and also markets Peter Pan® peanut butter. Weetabix is
home to the United Kingdom’s number one selling ready-to-eat cereal
brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in
refrigerated foods, delivering innovative, value-added egg and
refrigerated potato side dish products to the foodservice and
retail channels. Post participates in the private brand food
category through its ownership interest in 8th Avenue Food &
Provisions, Inc. For more information, visit
www.postholdings.com.
Contact:Investor RelationsDaniel
O’Rourkedaniel.orourke@postholdings.com (314) 806-3959
Post (NYSE:POST)
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