Post Holdings Initiates Senior Notes Offering Worth $1.3 Billion

Post Holdings, Inc., a prominent player in the consumer packaged goods sector, has recently declared its intent to commence a private offering of senior notes aimed at eligible purchasers. This initiative seeks to raise an impressive $1.3 billion in aggregate principal amount of unsecured senior notes that are set to mature in 2036.

The senior notes, which will be guaranteed by the company’s existing and newly established domestic subsidiaries, are expected to be pivotal in achieving several key financial objectives. Specifically, the net proceeds from this offering will largely be allocated to cover the costs associated with the offering itself and will also be directed towards redeeming all outstanding 5.50% senior notes due in 2029. This redemption will encompass any premiums, fees, and related expenses.

As part of its broader strategy, Post Holdings is keen on utilizing any remaining net proceeds for general corporate goals, which may include potential acquisitions, paying down existing debt, engaging in share repurchases, and funding capital expenditures alongside working capital. It’s important to note that the final terms of these notes, including amounts and other conditions, are subject to market fluctuations and could differ markedly from initial expectations.

Regulatory Insights

The offering is restricted to persons classified as qualified institutional buyers, in accordance with the provisions outlined in Rule 144A of the Securities Act of 1933. Additionally, the securities will be available to investors outside the U.S. complying with Regulation S. As these notes and their associated guarantees have yet to be registered under the Securities Act or applicable state regulations, they cannot be marketed to U.S. residents except under certain exemptions.

Importantly, this announcement serves solely as a notification of the intention to offer senior notes and should not be interpreted as an invitation to buy or sell any securities in regions where such activities may contravene local laws, prior to proper registration under securities regulations.

Forward-Looking Statements and Risks

Within the announcement, Post Holdings has included forward-looking statements, disclosing its anticipations regarding the terms and execution of the notes offering, including timing and subsequent uses of the proceeds. However, these projections carry inherent risks and uncertainties which may impact actual outcomes, potentially leading to results that differ materially from expectations. Factors influencing these outcomes can range from unexpected market conditions to operational and financial complexities.

As of the date of this announcement, the company makes no commitment to update the forward-looking statements provided, despite their inherent unpredictability.

Company Overview

Headquartered in St. Louis, Missouri, Post Holdings, Inc. operates as a diversified holding company within the consumer packaged goods domain, encompassing diverse sectors including foodservice and food ingredients. The company’s range of products is designed to meet the demands of a dynamic market, catering to the evolving preferences of consumers and businesses alike.

For additional information or inquiries, investors may contact Daniel O'Rourke, who is part of the Investor Relations team at Post Holdings. With the announcement of this senior notes offering, the market will keenly observe how Post Holdings maneuvers its financial strategy moving forward, particularly in light of the anticipated redemption and growth initiatives thereafter.