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An announcement from Post Holdings (POST) is now available.
Post Holdings, Inc. has launched a cash tender offer to repurchase $475 million of its 5.625% senior notes due 2028, under specific terms and conditions, with the offer expiring on September 6, 2024. Concurrently, the company plans to privately offer $1.2 billion in senior notes due 2033 to fund this buyback and other financial obligations. The proceeds will also cover the costs related to these transactions and potentially be used for general corporate purposes like acquisitions and debt repayment.
For a thorough assessment of POST stock, go to TipRanks’ Stock Analysis page.
