14
Feb

Post Holdings Announces Pricing of Senior Notes Offering

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Post Holdings, Inc. (NYSE:POST) (the “Company” or “Post”) today announced the pricing of its previously announced senior notes offering. The Company priced $1,250 million in aggregate principal amount of 4.625% senior notes due 2030 at par (the “Notes”), representing an increase from the original offering size of $1,000 million. The Notes offering is expected to close on February 26, 2020, subject to customary closing conditions. The Notes will be unsecured unsubordinated obligations of the Company and will be guaranteed by the Company’s material domestic subsidiaries (other than certain excluded subsidiaries). The Company intends to use the net proceeds from the proposed offering to finance the redemption of the Company’s existing 5.50% senior notes due 2025 and to pay the fees and expenses associated with this offering and the redemption. To the extent there are any remaining net proceeds, the Company intends to use such proceeds for general corporate purposes, which could include, among other things, working capital, capital expenditures, financing acquisitions, share repurchases and repayment of indebtedness. The offering is not conditioned upon the consummation of the redemption of the Company’s 5.50% senior notes due 2025.

The Notes and the related subsidiary guarantees are being offered in the United States to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States in compliance with Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act, or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.

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