Post Holdings to pay down term loan borrowings with note proceeds

By Sara Rosenberg

New York, Aug. 10 – Post Holdings Inc. plans to repay a portion of its term loan using proceeds from the issuance of $1.2 billion in senior unsecured notes, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes, which may include potential future acquisitions, working capital and capital expenditures.

Post is a St. Louis-based manufacturer, distributor and marketer of ready-to-eat cereal products.

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