Post Holdings Announces Pricing of Senior Notes Offering
Post Holdings (NYSE:POST) has priced a $600 million offering of 6.250% senior notes due 2034, an increase from the previously announced $500 million. The notes, expected to close on October 9, 2024, will be unsecured senior obligations guaranteed by Post's domestic subsidiaries. Proceeds will be used to redeem all outstanding 5.625% senior notes due 2028 and for general corporate purposes, which may include acquisitions, share repurchases, debt retirement, capital expenditures, and working capital. The offering is made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and may not be offered or sold in the U.S. without registration or exemption.
Post Holdings (NYSE:POST) ha fissato un prestito di 600 milioni di dollari con un tasso del 6,250% di obbligazioni senior in scadenza nel 2034, un aumento rispetto ai precedenti 500 milioni annunciati. Le obbligazioni, la cui chiusura è prevista per il 9 ottobre 2024, saranno obbligazioni senior non garantite, garantite dalle filiali nazionali di Post. Il ricavato sarà utilizzato per rimborsare tutte le obbligazioni senior 5,625% in scadenza nel 2028 e per scopi aziendali generali, che possono includere acquisizioni, riacquisti di azioni, estinzione di debiti, spese in conto capitale e capitale circolante. L'offerta è destinata a acquirenti istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi ai sensi della Regolamentazione S del Securities Act. Le obbligazioni non sono state registrate ai sensi del Securities Act e non possono essere offerte o vendute negli Stati Uniti senza registrazione o esenzione.
Post Holdings (NYSE:POST) ha fijado una emisión de 600 millones de dólares de notas senior al 6.250% con vencimiento en 2034, un aumento respecto a los 500 millones previamente anunciados. Se espera que el cierre de las notas sea el 9 de octubre de 2024; estas serán obligaciones senior no garantizadas garantizadas por las filiales nacionales de Post. Los ingresos se utilizarán para canjear todas las notas senior del 5.625% con vencimiento en 2028 y para fines corporativos generales, que pueden incluir adquisiciones, recompra de acciones, amortización de deudas, gastos de capital y capital de trabajo. La oferta se realiza a compradores institucionales cualificados bajo la Regla 144A y a personas no estadounidenses bajo la Regulación S de la Ley de Valores. Las notas no han sido registradas bajo la Ley de Valores y no pueden ser ofrecidas o vendidas en los EE. UU. sin registro o exención.
포스트 홀딩스 (NYSE:POST)는 2034년 만기 6.250%의 시니어 채권 6억 달러 발행 가격을 책정했습니다, 이는 이전에 발표된 5억 달러에서 증가한 금액입니다. 2024년 10월 9일에 마감될 예정인 이 채권은 포스트의 국내 자회사가 보증하는 무보증 시니어 채무입니다. 모금된 자금은 2028년 만기 5.625%의 모든 채권 상환에 사용될 것입니다 및 인수, 자사주 매입, 부채 상환, 자본 지출 및 운영 자본 등 일반 기업 목적에 사용됩니다. 이 발행은 144A 규정에 따라 자격 있는 기관 구매자에게 제공되며, 미국 외의 개인에게는 증권법의 규정 S에 따라 제공됩니다. 이 채권은 증권법에 등록되지 않았으며 등록이나 면제 없이 미국에서 제공되거나 판매될 수 없습니다.
Post Holdings (NYSE:POST) a fixé une offre de 600 millions de dollars d'obligations senior à 6,250% arrivant à échéance en 2034, une augmentation par rapport au 500 millions précédemment annoncés. Les obligations, dont la clôture est prévue pour le 9 octobre 2024, seront des obligations senior non garantées, garanties par les filiales nationales de Post. Les produits seront utilisés pour racheter toutes les obligations senior de 5,625% arrivant à échéance en 2028 et pour des besoins d'entreprise généraux, pouvant inclure des acquisitions, des rachats d'actions, le remboursement de dettes, des dépenses d'investissement et du fonds de roulement. L'offre est destinée aux acheteurs institutionnels qualifiés en vertu de la règle 144A et aux personnes non américaines en vertu de la réglementation S de la loi sur les valeurs mobilières. Les obligations n'ont pas été enregistrées en vertu de la loi sur les valeurs mobilières et ne peuvent pas être offertes ou vendues aux États-Unis sans enregistrement ou exemption.
Post Holdings (NYSE:POST) hat eine Anleihe von 600 Millionen US-Dollar mit 6,250% Zinssatz und Fälligkeit im Jahr 2034 festgelegt, eine Erhöhung der zuvor angekündigten 500 Millionen. Die Anleihen, deren Abschluss für den 9. Oktober 2024 geplant ist, werden ungesicherte senior Verpflichtungen sein, die von den inländischen Tochtergesellschaften von Post garantiert werden. Die Erlöse werden verwendet, um alle ausstehenden 5,625% Senior Notes mit Fälligkeit 2028 zurückzukaufen und für allgemeine Unternehmenszwecke, die Übernahmen, Aktienrückkäufe, Schuldenabbau, Investitionen und Betriebsfinanzierung umfassen können. Das Angebot richtet sich an qualifizierte institutionelle Käufer gemäß Regel 144A und an ausländische Personen gemäß der Regulierung S des Wertpapiergesetzes. Die Anleihen wurden nicht unter dem Wertpapiergesetz registriert und dürfen in den USA ohne Registrierung oder Ausnahme nicht angeboten oder verkauft werden.
- Successful pricing of $600 million senior notes offering, increased from initial $500 million
- Proceeds to be used for redeeming existing debt and general corporate purposes
- Potential for strategic investments, acquisitions, or share repurchases with remaining proceeds
- Increase in long-term debt with new 6.250% senior notes due 2034
- Potential dilution if proceeds are used for acquisitions
Insights
Post Holdings' announcement of pricing
The new notes' higher interest rate reflects the current market conditions and potentially Post's credit profile. While this will increase interest expenses, extending the maturity to 2034 improves the company's debt structure and provides financial flexibility. The additional
Investors should note that this refinancing doesn't significantly alter Post's overall debt load but does impact its future cash flows. The market's reception of this offering may provide insights into investor confidence in Post's long-term prospects and the packaged foods sector generally.
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
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-
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
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
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in
Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke@postholdings.com
(314) 806-3959
View original content to download multimedia:https://www.prnewswire.com/news-releases/post-holdings-announces-pricing-of-senior-notes-offering-302259098.html
SOURCE Post Holdings, Inc.
FAQ
What is the size and interest rate of Post Holdings' new senior notes offering?
When is the closing date for Post Holdings' senior notes offering?
How will Post Holdings use the proceeds from the senior notes offering?