Post Holdings to redeem 5½% senior notes due 2025

By Rebecca Melvin

New York, Feb. 11 – Post Holdings, Inc. will redeem its 5½% senior notes due 2025 with proceeds of a new offering, according to a company news release on Tuesday.

The proceeds of a proposed $1 billion of new 10-year notes will be used to redeem the existing notes and pay fees and expenses associated with the transactions. Any remaining proceeds will be used for general corporate purposes.

The Rule 144A offering is not conditioned on the consummation of the redemption of notes.

Post is a St. Louis-based cereal maker.

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