Post Holdings, Inc. (POST), a consumer packaged goods firm, announced on Wednesday its plans to initiate a private offering of $500 million in senior notes, which will mature in 2034.
The company intends to allocate the net proceeds from this offering to cover the costs, fees, and expenses associated with it, as well as to redeem all outstanding 5.625 percent senior notes maturing in 2028.
Any remaining funds will be directed towards general corporate purposes, which may include acquisitions, share buybacks, and other activities.
