Post Holdings starts tender offer for 7 3/8% senior notes due 2022

New York, July 25 – Post Holdings, Inc. announced it has begun a cash tender offer for all $1,375,000,000 of its 7 3/8% senior notes due 2022.

The company is offering $1,070.83 per $1,000 principal amount plus accrued interest up to but excluding the settlement date.

The tender ends at 5 p.m. ET on July 29. Settlement is scheduled for Aug. 3, according to a news release.

Completion of the tender is subject to conditions including the receipt of proceeds from a debt financing. Post Holdings announced an offering of $1.5 billion of 10-year notes on Monday morning.

Barclays Capital Inc. at (800 438-3242) and BofA Merrill Lynch (888 292-0010) are dealer managers for the tender. Global Bondholder Services Corp. (212 430-3774 or 866 470-4500) is information agent and tender agent.

Post Holdings is a St. Louis-based cereal maker.

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