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Post Holdings to use proceeds of secured notes to pay term loan
By Mary-Katherine Stinson
Lexington, Ky., Feb. 5 – Post Holdings, Inc. will use the proceeds from an $875 million offering of eight-year senior secured notes to pay off its $400 million incremental term loan, borrowed in April 2023, and to redeem its 5¾% senior notes due 2027, according to a news release.
Any remaining proceeds will be used for general corporate purposes, which could include, among other things, debt repayment, acquisitions, share repurchases, capital expenditures and working capital.
The company is a St. Louis-based consumer packaged goods holding company.
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