Post Holdings, Inc. (OTCMKTS:POSTU) Files An 8-K Other EventsItem 8.01. Other Events.
On November 28, 2017, Post Holdings, Inc. (the “Company”) announced the pricing of its previously announced senior notes offering. The Company priced $1,000.0 million in aggregate principal amount of 5.625% senior notes due 2028 at par (the “Notes”). The Notes offering is expected to close on December 1, 2017, subject to customary closing conditions.
The Notes will be unsecured unsubordinated obligations of the Company and will be guaranteed by the Company’s material domestic subsidiaries (other than certain excluded subsidiaries). The Company intends to use the net proceeds from the proposed Notes offering (i) to finance the redemption of its 6.00% senior notes due 2022, (ii) to pay approximately $308.7 million of the total consideration for its pending acquisition of Bob Evans Farms, Inc. ("Bob Evans") and (iii) to pay the fees and expenses associated with the offering, the redemption of the 6.00% senior notes due 2022 and the acquisition of Bob Evans. To the extent there are any remaining net proceeds, the Company intends to use such proceeds for general corporate purposes, which could include, among other things, working capital, capital expenditures, financing acquisitions and repayment of indebtedness.
A copy of the press release issued in connection therewith is attached hereto as Exhibit 99.1. The Notes and the related subsidiary guarantees were offered in the United States to persons reasonably believed to be qualified institutional buyers in an offering exempt from registration to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States in compliance with Regulation S under the Securities Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
See Exhibit Index.
Post Holdings, Inc. ExhibitEX-99.1 2 ex991nov2017pricingpr.htm EXHIBIT 99.1 – PRESS RELEASE Exhibit Exhibit 99.1Post Holdings Announces Pricing of Senior Notes OfferingSt. Louis,…To view the full exhibit click here
