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Strong Buy (3.56 out of 4)
64th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Tuesday, May 7, 11:45 PM
Slide #179. Post Holdings, Inc. — Preferred Stock Offering
Company: |
Post Holdings, Inc. (NYSE:POST) |
Date announced: |
11/19/2018 |
Preferred Stock Offering Details: |
Post Holdings, Inc. (NYSE:POST) (the "Company" or "Post") today announced that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of approximately $400.0 million of a newly created series of convertible preferred stock, to be designated as Series D Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock"). The Company expects to grant the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $60.0 million in shares of Preferred Stock. The Company intends to use the net proceeds from the offering to repay a portion of its existing term loan, which will expand capacity for cash acquisitions and opportunistic common share repurchases. |
Post Holdings is a consumer packaged goods holding company. Through its subsidiaries, Co. operates in four segments: Post Consumer Brands, which manufactures, markets and sells a portfolio of branded and private label packaged foods products in the ready-to-eat (RTE) cereal, hot cereal and peanut and nut butter categories; Weetabix, which markets and distributes branded and private label RTE cereal products; Foodservice, which produces and distributes egg and potato products in the foodservice and food ingredient channels; and Refrigerated Retail, which produces and distributes side dishes, eggs and egg products, sausage, cheese and other dairy and refrigerated products to retail customers.
Open the POST Page at Preferred Stock Channel »
Name: |
Post Holdings Inc |
Website: |
www.postholdings.com |
Sector: |
Food & Beverage |
Number of ETFs Holding POST: |
60 (see which ones) |
Total Market Value Held by ETFs: |
$890,227,556.1 |
Total Market Capitalization: |
$6,230,000,000 |
% of Market Cap. Held by ETFs: |
14.29% |
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