Post Holdings (NYSE: POST) plans $1.235B 2029 note redemption with $1.3B 2036 issue

Rhea-AI Filing Summary

Post Holdings, Inc. announced that it has given conditional notice to redeem all of its outstanding 5.50% senior notes due 2029, which have an aggregate principal amount of $1,235.0 million. The company plans to redeem these notes at 101.833% of their principal amount, plus accrued and unpaid interest up to, but not including, the anticipated redemption date of December 17, 2025.

This redemption is conditioned on Post completing new financing sufficient to fund the total redemption amount. As previously disclosed, on December 1, 2025 the company priced $1,300.0 million of 6.50% senior notes due 2036 in a private offering expected to close on December 15, 2025. Post plans to use the net proceeds from the 2036 notes to pay the redemption amount on the 2029 notes.

Insights

Corporate credit analyst

Post plans to refinance 2029 notes with new 2036 notes at a higher coupon.

Post Holdings has conditionally called its 5.50% senior notes due 2029, with an aggregate principal amount of $1,235.0 million, for redemption at 101.833% of principal plus accrued interest. The anticipated redemption date is December 17, 2025, and the transaction is being executed under the existing indenture structure with supplemental indentures already in place.

The redemption depends on Post completing new financing sufficient to cover the total redemption payment. The company has priced $1,300.0 million of 6.50% senior notes due 2036 in a private offering, expected to close on December 15, 2025, and intends to use the net proceeds to fund the redemption. This effectively extends debt maturity from 2029 to 2036 while increasing the coupon from 5.50% to 6.50%, which may raise ongoing interest expense but can improve the maturity profile.

The actual impact will hinge on final closing of the 2036 notes and the exact redemption execution around the anticipated dates. Subsequent disclosures related to these notes may provide more detail on covenant terms, interest cost and overall capital structure following the refinancing.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

______________________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 2, 2025

Post Holdings, Inc.
(Exact name of registrant as specified in its charter)

Missouri			001-35305						45-3355106
(State or other jurisdiction of incorporation)			(Commission File Number)						(IRS Employer Identification No.)

2503 S. Hanley Road

St. Louis, Missouri 63144

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (314) 644-7600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.01 par value per share			POST			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.    Other Events.

On December 2, 2025, Post Holdings, Inc. (the “Company”) announced that it provided conditional notice that it has elected to redeem its outstanding 5.50% senior notes due 2029 (the “2029 Notes”), having an aggregate outstanding principal amount of $1,235.0 million, in accordance with the terms of the Indenture dated as of July 3, 2019, by and among the Company, each of the guarantors party thereto and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, Trustee, as supplemented by the First Supplemental Indenture dated as of February 19, 2021, the Second Supplemental Indenture dated as of September 14, 2022, the Third Supplemental Indenture dated as of May 19, 2023, and the Fourth Supplemental Indenture dated as of July 1, 2025. The Company will redeem the 2029 Notes at 101.833% of the principal amount thereof, plus the accrued and unpaid interest to, but excluding, the redemption date (the “Redemption Amount”), which the Company anticipates will be December 17, 2025.

The Company’s redemption of the 2029 Notes is subject to the satisfaction or waiver, in its discretion, of the condition that the Company consummate financing in an amount that is sufficient to fund the Redemption Amount. As previously disclosed, on December 1, 2025, the Company priced $1,300.0 million in aggregate principal amount of 6.50% senior notes due 2036 (the “2036 Notes”) in a private offering that is expected to close on December 15, 2025. The Company plans to use the net proceeds from the 2036 Notes offering to fund the Redemption Amount.

A copy of the press release issued in connection with this announcement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description
99.1			Press Release dated December 2, 2025
104			Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: December 2, 2025			Post Holdings, Inc.
			(Registrant)
			By:			/s/ Diedre J. Gray
			Name:			Diedre J. Gray
			Title:			Executive Vice President, General Counsel and Chief Administrative Officer, Secretary

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FAQ

What did Post Holdings (POST) announce regarding its 5.50% senior notes due 2029?

Post Holdings announced that it has provided conditional notice to redeem all of its outstanding 5.50% senior notes due 2029, which have an aggregate principal amount of $1,235.0 million.

At what price will Post Holdings redeem its 2029 senior notes?

Post Holdings plans to redeem the 5.50% senior notes due 2029 at 101.833% of the principal amount, plus accrued and unpaid interest to, but excluding, the anticipated redemption date.

When does Post Holdings expect to complete the redemption of its 2029 notes?

The company anticipates that the redemption date for the 5.50% senior notes due 2029 will be December 17, 2025, subject to the stated financing condition.

How will Post Holdings (POST) fund the redemption of its 2029 notes?

Post plans to fund the redemption amount using net proceeds from its priced offering of $1,300.0 million of 6.50% senior notes due 2036, which is a private offering.

What are the key terms of Post Holdings new 6.50% senior notes due 2036?

The new notes have an aggregate principal amount of $1,300.0 million, a coupon of 6.50%, are due in 2036, and the offering is expected to close on December 15, 2025.

Is the redemption of Post Holdings 2029 notes guaranteed to occur?

No, the redemption is conditional on Post Holdings consummating financing sufficient to fund the full redemption amount for the 2029 notes.