Post Holdings, Inc. (NYSE: POST) (the "Company") today announced it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of $250 million in aggregate principal amount of 6.75% senior notes due 2021 (the "Notes"). Post also announced it intends to commence an underwritten public offering, subject to market and other conditions, of 4,000,000 shares of its common stock. The Company expects to grant the underwriters for the common stock offering a 30-day option to purchase up to an additional 600,000 shares of common stock.
Post Holdings is a manufacturer, marketer and distributor of branded and private label ready-to-eat cereals, snacks and active nutrition products in the U.S. and Canada. Co. manufactures and markets products under brand names that include Honey Bunches of Oats®, Pebbles™, and Post Selects®. Co. operates in three reportable segments: Post Foods, which manufactures, markets and sells branded and private label ready-to-eat cereal products; Attune Foods, which manufactures and markets organic cereals and snacks, and Active Nutrition, which markets and distributes protein beverages and foods under the Premier Protein brand and nutritional joint health supplements under the Joint Juice brand.
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