Welcome to our dedicated page for Post Hldgs news (Ticker: POST), a resource for investors and traders seeking the latest updates and insights on Post Hldgs stock.
Post Holdings, Inc. reports recurring developments for a consumer packaged goods holding company with businesses in ready-to-eat cereal, granola, pet food, nut butters, egg and potato products, side dishes, cheese, sausage and related food categories. Its news commonly covers quarterly operating results, Adjusted EBITDA outlook, segment performance across Post Consumer Brands, Weetabix, Foodservice and Refrigerated Retail, and updates tied to retail, foodservice and ingredient channels.
Company announcements also include completed portfolio actions, debt financing activity, shareholder voting matters and leadership changes at the corporate and business-unit levels. Recent corporate updates have referenced completed acquisitions integrated into Post Consumer Brands, Foodservice and Refrigerated Retail, as well as capital-structure actions involving senior notes and revolving credit facility repayment.
Post Holdings completed the spin-off of 80.1% of its interest in BellRing Brands, distributing 78,076,841 shares to shareholders on March 10, 2022. Each shareholder received approximately 1.27 shares of New BellRing for each Post share held. Post now holds 14.2% of New BellRing and shareholders own 57.3%. The transaction, which qualifies as a tax-free distribution for U.S. federal income tax purposes, resulted in Post receiving $289.5 million in value. The dual class voting structure has been eliminated post-transaction.
Post Holdings, Inc. (NYSE:POST) announced plans to partially redeem $840 million of its 5.75% senior notes due March 2027 on March 17, 2022. This action represents approximately 65% of the outstanding notes. The redemption price will be 102.875% of the principal, plus accrued interest. The redemption is contingent on completing related financing transactions and depositing the redemption amount with the trustee by the redemption date. The company is also proceeding with a spin-off of 80.1% of its interest in BellRing Distribution.
Post Holdings, Inc. (NYSE:POST) has announced the distribution date for its spin-off of 80.1% of its interest in BellRing Brands, Inc. On March 10, 2022, Post plans to distribute 78,076,819 shares of New BellRing stock to its shareholders on a pro rata basis, with each shareholder receiving 1.267788 shares of New BellRing for each Post share held as of February 25, 2022. The spin-off is subject to certain conditions, including stockholder approval and tax opinions. Two-way trading for Post shares will be available prior to the distribution date, offering various trading options.
On March 1, 2022, New BellRing announced the pricing of $840 million in 7.00% senior notes due 2030, as part of Post Holdings' plan to spin off 80.1% of its interest in New BellRing to shareholders. The offering will close on March 10, 2022, subject to the completion of the spin-off and a related merger with BellRing Brands. Proceeds will refinance existing debt and distribute cash to BellRing stockholders. The notes will be sold to qualified institutional buyers and are not obligations of Post. Forward-looking statements indicate risks of delays and market uncertainties.
BellRing Distribution, LLC has announced a private offering of $840 million in senior notes due 2030, associated with Post Holdings' planned spin-off of 80.1% of its interest in New BellRing to shareholders. The Notes will be issued to Post as part of asset transfers and will help refinance existing debt. Following the offering, the Notes will be unsecured obligations of New BellRing and guaranteed by its subsidiaries. The offering is subject to market conditions and will not be registered under the Securities Act, limiting its resale options.
Post Holdings, Inc. (NYSE:POST) announced the final distribution ratio for the spin-off of 80.1% of its stake in BellRing Brands, Inc. Shareholders will receive 1.267788 shares of New BellRing for each share of Post held as of February 25, 2022. The distribution, amounting to 78,076,819 shares, is expected to occur in March 2022, subject to customary conditions. Two-way trading for Post shares is available until the distribution date, allowing shareholders to manage their rights to New BellRing shares. Investors are advised to consult financial advisors regarding the implications of this spin-off.
On February 24, 2022, BellRing Distribution, LLC, Post Holdings, and BellRing Brands announced the withdrawal of the private offering of senior notes due to market volatility. No senior notes will be sold. New BellRing plans to initiate a debt financing transaction soon. Additionally, Post expects to distribute approximately 80.1% of its interest in New BellRing through a spin-off to shareholders on record as of February 25, 2022, pending stockholder approval. A special meeting for this vote is set for March 8, 2022.
BellRing Distribution, LLC announced a private offering of $840 million in senior notes due 2032. This offering is linked to Post Holdings' spin-off of 80.1% of its interest in New BellRing to its shareholders. The notes will serve as partial payment for the transfer of assets from Post to New BellRing, which will utilize the cash to refinance existing debt and cover associated transaction fees. The final terms of the notes remain subject to market conditions. This announcement is part of ongoing strategic actions by Post to optimize its holdings.
Post Holdings, Inc. (NYSE:POST) announced a record date of February 25, 2022, for its spin-off of 80.1% of its interest in BellRing Brands to shareholders. Approximately 78 million shares of New BellRing will be distributed on a pro-rata basis, with holders receiving 1.261585 shares for each Post share. The spin-off is expected to be tax-free for U.S. federal income tax purposes, barring cash received for fractional shares. Completion is anticipated in Q1 2022, contingent on customary conditions and BellRing stockholder approvals. Two-way trading for Post stock will begin on or around February 24, 2022.
Post Holdings, Inc. (NYSE:POST) reported first fiscal quarter results for the period ending December 31, 2021. Net sales reached $1.64 billion, up 12.7% year-over-year, but operating profit fell to $128.7 million, a 22.6% decrease. The company posted a net loss of $20.8 million compared to net earnings in the previous year. Adjusted EBITDA decreased 7.5% to $263.1 million. Ongoing supply chain issues and inflationary pressures impacted costs and profit margins. Post reaffirmed its fiscal year 2022 Adjusted EBITDA guidance of $1.16-$1.20 billion.