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Post Holdings to redeem $840 million of 5¾% senior notes due 2027
By Wendy Van Sickle
Columbus, Ohio, March 2 – Post Holdings, Inc. plans to redeem $840 million, or about 65%, of its outstanding 5¾% senior notes due March 2027 (Cusips: 737446AM6, U7318UAL6 and U7318UAM4), according to a news release.
The notes will be redeemed March 17 at 102.875 plus accrued interest.
The redemption has some conditions, including consummation of the transaction agreement entered into in October 2021 that provides for Post’s spin-off of 80.1% of its interest in BellRing Distribution, LLC to Post shareholders.
Wells Fargo Bank, NA is the trustee.
Post is a St. Louis-based consumer packaged goods holding company.
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