Post Holdings priced a $600 million senior notes offering at 100.75 % of par, with a yield to worst of 6.109 %. The notes are 6.250 % senior notes due 2034 and will be issued under the same indenture as the prior $600 million issuance. The offering was priced on March 4, 2026 and is expected to close on March 13, 2026, subject to customary closing conditions.
The company will use net proceeds to cover offering costs, repay the balance of its revolving credit facility as of December 31, 2025, and, if any funds remain, for general corporate purposes such as debt repayment, share repurchases, acquisitions, capital expenditures and working capital. This move refines the company’s capital structure by replacing short‑term, variable‑rate debt with long‑term, fixed‑rate debt, providing greater interest‑expense certainty and reducing refinancing risk.
The upsizing of the offering from an initial $500 million to $600 million signals strong investor demand and confidence in Post Holdings’ credit profile. The company’s debt‑to‑equity ratio of 2.16 and its disciplined capital allocation strategy underscore its focus on maintaining financial flexibility while pursuing growth opportunities.
Post Holdings’ recent Q1 fiscal 2026 results showed revenue of $2.17 billion, up 10.12 % year‑over‑year, and adjusted EBITDA of $418.2 million, a 13.1 % increase from the prior quarter. The company also raised its fiscal 2026 adjusted EBITDA guidance to $1.55 billion–$1.58 billion, reflecting confidence in continued operational momentum across its diversified segments, which include center‑of‑the‑store, refrigerated, foodservice, food ingredients and a growing pet‑food line.
By consolidating its debt under a single indenture and extending the maturity profile, Post Holdings positions itself to support future acquisitions and capital‑intensive initiatives while preserving the ability to deploy capital through share repurchases or other strategic investments. The financing event aligns with the company’s long‑term objective of balancing debt repayment with growth capital, reinforcing its reputation for prudent capital management.
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