Post Holdings, Inc. (NYSE: POST) has announced a private offering of $1.3 billion in aggregate principal amount of senior notes due 2036. The unsecured notes will be guaranteed by the company’s domestic subsidiaries and will be sold to eligible purchasers under a Rule 144A exemption.
The proceeds from the offering will first cover the costs and fees associated with the transaction, then be used to redeem all outstanding 5.50% senior notes due 2029. Any remaining funds will be allocated to general corporate purposes, including potential acquisitions, additional debt repayment, share repurchases, capital expenditures, and working capital needs.
The offering is expected to close after December 15 2025, with the redemption of the 2029 notes scheduled to occur after that date. This timing aligns with Post Holdings’ broader debt‑management strategy, which seeks to extend the maturity profile of its debt and reduce near‑term obligations.
Post Holdings has a track record of proactive debt management. In November 2024 the company redeemed 5.625% senior notes due January 2028, and in July 2025 it completed the acquisition of 8th Avenue Food & Provisions. The company also launched a $500 million share‑repurchase program effective November 27 2025 and benefits from a favorable tax impact of approximately $300 million over five years under H.R. 1. These actions demonstrate a disciplined approach to capital allocation and a focus on maintaining financial flexibility.
The new senior notes offering provides Post Holdings with the flexibility to support future growth initiatives while preserving liquidity. Investors have expressed concerns about the company’s cereal business, which may temper enthusiasm for the debt offering, but the company’s strong cash flow generation and disciplined cost management underpin the refinancing strategy.
Post Holdings operates across center‑of‑the‑store, refrigerated, foodservice, and food‑ingredient segments. The debt refinancing supports continued investment in these areas, ensuring that the company can maintain its competitive position while managing leverage and capital structure risk.
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