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Post Holdings Inc Announces Pricing Of $525 Million Of Senior Notes Due 2021

Wednesday, 13 Nov 2013 06:05pm EST 

Post Holdings Inc announced the pricing of its offering of $450 million aggregate principal amount of 6.75% senior notes due 2021 at par. In addition, the size of the notes offering was increased to $525 million. The offering is expected to close on November 18, 2013. The notes will be unsecured unsubordinated obligations of the Company and will be guaranteed by the Company's domestic subsidiaries, Post Foods, LLC, Attune Foods, LLC, Premier Nutrition Corporation and Premier Protein, Inc. The Company intends to use the net proceeds from the proposed offering to fund the previously announced acquisition of Dakota Growers Pasta Company (in lieu of the $200 million of committed debt financing obtained in connection with the acquisition) and for general corporate purposes, which could include, among other things, financing additional acquisition opportunities, working capital and capital expenditures. The offering is not contingent on the consummation of the acquisition of Dakota Growers, and if the acquisition does not close, all of the proceeds of the offering would be used for general corporate purposes. 

Company Quote

0.67 +1.82%
4:05pm EDT