Post Holdings Upsizes 2034 Senior Notes to $600M at 6.109% Yield
Post Holdings priced $600 million of 6.250% senior notes due 2034 at 100.75% of par, delivering a 6.109% yield to worst. Net proceeds will repay its revolving credit facility balance and fund general corporate purposes including potential debt retirement, share repurchases, acquisitions, capital expenditures and working capital.
1. Pricing and Size Increase
Post Holdings priced $600 million of its 6.250% senior notes due 2034 at 100.75% of par for a 6.109% yield to worst, boosting the offering from an initial $500 million to meet investor demand. These notes will integrate with an existing $600 million series under the same indenture.
2. Use of Proceeds
Net proceeds are earmarked to fully repay the outstanding balance on the company’s revolving credit facility as of December 31, 2025. Any remaining funds will support general corporate uses such as debt retirement, share repurchases, acquisitions, capital expenditures and working capital.
3. Terms and Structure
The senior unsecured notes will be guaranteed by Post Holdings’ domestic subsidiaries, excluding immaterial or specifically designated units. The offering is expected to close on March 13, 2026, subject to customary conditions, and will vote as part of the existing note series.