BellRing Brands borrows $65 million in total under revolvers

Chicago, March 24 – BellRing Brands LLC, a subsidiary of Post Holdings Inc., borrowed $65 million on two separate occasions in the past week under its revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

BellRing borrowed $15 million on March 17 and an additional $50 million on March 23 as a precautionary measure in order to increase its cash position and its financial flexibility in light of the uncertainty resulting from the Covid-19 outbreak.

Proceeds will be used for working capital, general corporate purposes or other purposes.

Prior to these borrowings, BellRing had $55 million outstanding under the facility and no letters of credit outstanding.

BellRing is a St. Louis-based active nutrition brand.

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