Post Holdings Announces Consideration for Cash Tender Offer for 5.625% Senior Notes Due 2028

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ST. LOUIS, Aug. 22, 2024 /PRNewswire/ -- Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced the consideration payable, as set forth in the table below, for the previously announced cash tender offer (the "Tender Offer") to purchase up to $475.0 million in aggregate principal amount (subject to increase, the "Maximum Tender Amount") of its 5.625% senior notes due 2028 (the "Notes").

Post Holdings, Inc (PRNewsfoto/Post Holdings, Inc.)
Post Holdings, Inc (PRNewsfoto/Post Holdings, Inc.)

The consideration of $1,008.84 per $1,000 principal amount (the "Early Tender Consideration") for Notes that were validly tendered at or prior to the Early Tender Time (as defined below) and are accepted for purchase pursuant to the Tender Offer was determined in the manner described in the Offer to Purchase, dated August 8, 2024 (as it may be amended or supplemented, the "Offer to Purchase"), by reference to the fixed spread for the Notes (the "Fixed Spread") specified in the table below, plus the yield to maturity based on the bid-side price of the U.S. Treasury Reference Security specified in the table below as quoted on the Bloomberg Reference Page specified in the table below at 10:00 a.m., New York City time, today, and is inclusive of the early tender premium (the "Early Tender Premium") set forth in the table below.

Title of
Security

CUSIP
Nos.

ISINs

Principal
Amount
Outstanding

Maximum
Tender
Amount

Principal
Amount
Tendered as
of August 21,
2024

U.S.
Treasury
Reference
Security

Reference

Yield

Bloomberg
Reference
Page

Fixed
Spread

Early Tender
Consideration

Early
Tender
Premium (1)(2)

5.625%
Senior
Notes due
2028

737446AN4

U7318UAN2

US737446AN44

USU7318UAN29

$939,920,000

$475.0 million

$760,866,000

4.500%
Treasury
due
November 30,
2024

5.237 %

PX 3

+50bps

$1,008.84

$50














(1)

Per $1,000 principal amount.

(2)

The Early Tender Consideration for the Notes validly tendered at or prior to the Early Tender Time (defined below) and accepted for purchase is calculated using the Fixed Spread and is inclusive of the Early Tender Premium.

Only holders of Notes who validly tendered their Notes at or prior to 5:00 p.m., New York City time, on August 21, 2024 (the "Early Tender Time") are eligible to receive the Early Tender Consideration. In addition to the Early Tender Consideration, holders whose Notes are purchased in the Tender Offer will receive accrued and unpaid interest from the last interest payment date up to, but not including, the applicable settlement date.