Post-Holdings to Sell $200 Million in Bonds

Photo courtesy of St. Louis Business Journal

Post Holdings Inc. (NYSE: POST) announced that it intends to offer $200 million of 7.375 percent senior notes due 2022.

The notes are being sold as additional notes under an existing offer. Post issued $775 million in notes with the same percentage rate and maturity date in January in preparation for its spinoff from Ralcorp Holdings.

Post Holdings reported a loss of $424.3 million for fiscal 2011 mostly on an impairment charge related to its spinoff from Ralcorp Holdings Inc. Brentwood-based Post Holdings (NYSE: POST), led by CEO Bill Stiritzwas spun off from St. Louis-based private label food company Ralcorp in February.

Read more at The St. Louis Business Journal

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