ST.
LOUIS, Sept. 25, 2024 /PRNewswire/ -- Post
Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today
announced the pricing of its previously announced senior notes
offering. The Company priced $600.0
million in aggregate principal amount of 6.250% senior notes
due 2034 at par (the "Notes"), representing an increase from the
previously announced offering size of $500.0
million in aggregate principal amount of Notes. The Notes
offering is expected to close on October 9,
2024, subject to customary closing conditions. The Notes
will be unsecured, senior obligations of the Company and will be
guaranteed by the Company's existing and subsequently acquired or
organized domestic subsidiaries (other than immaterial
subsidiaries, certain excluded subsidiaries and subsidiaries
designated as unrestricted subsidiaries).
The Company intends to use the net proceeds from the Notes
offering to pay the costs, fees and expenses associated with the
Notes offering and to redeem all of the Company's outstanding
5.625% senior notes due 2028, including payment of any premiums,
fees, costs and expenses associated therewith. 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, acquisitions, share repurchases, retirement or
repayment of existing debt, capital expenditures and working
capital. The final terms and amounts of the Notes are subject to
market and other conditions and may be materially different than
expectations. The offering is not conditioned upon the consummation
of the redemption of the Company's 5.625% senior notes due 2028,
which is expected to occur on or after December 1, 2024.
The Notes and the related subsidiary guarantees are being
offered 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 non-U.S. 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.
This press release is not an offer to sell or a solicitation of
an offer to buy any security, nor shall there be any sales of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any jurisdiction. This press release is
being issued pursuant to and in accordance with Rule 135c under the
Securities Act. This press release is not a notice of redemption
with respect to the Company's 5.625% senior notes due 2028.
Cautionary Statement on Forward-Looking Language
Forward-looking statements, within the meaning of Section 27A of
the Securities Act and Section 21E of the Securities Exchange Act
of 1934, as amended, are made throughout this press release,
including statements regarding the completion of the offering,
timing, the expected amount and intended use of the net proceeds of
the offering and the expected timing of the redemption of the
Company's 5.625% senior notes due 2028. These forward-looking
statements are sometimes identified from the use of forward-looking
words such as "believe," "should," "could," "potential,"
"continue," "expect," "project," "estimate," "predict,"
"anticipate," "aim," "intend," "plan," "forecast," "target," "is
likely," "will," "can," "may," "would" or the negative of these
terms or similar expressions elsewhere in this press release. All
forward-looking statements are subject to a number of important
factors, risks, uncertainties and assumptions that could cause
actual results to differ materially from those described in any
forward-looking statements. These factors and risks include, but
are not limited to, unanticipated developments that prevent, delay
or negatively impact the offering or redemption and other
financial, operational and legal risks and uncertainties detailed
from time to time in the Company's cautionary statements contained
in its filings with the Securities and Exchange Commission. The
Company may not consummate the offering as described in this press
release and, if the offering is consummated, cannot provide any
assurances regarding its ability to effectively apply the net
proceeds as described above. These forward-looking statements
represent the Company's judgment as of the date of this press
release. The Company disclaims, however, any intent or obligation
to update these forward-looking statements. There can be no
assurance that the offering or the redemption of the Company's
5.625% senior notes due 2028 will be completed as anticipated or at
all.
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.
Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke@postholdings.com
(314) 806-3959
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SOURCE Post Holdings, Inc.