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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 3:54 AM

Slide #342. Post Holdings, Inc. Preferred Stock Offering

Company: Post Holdings, Inc. (NYSE:POST)
Date announced: 2/20/2013
Shares Offered: 2,100,000
Date of Pricing: 2/21/2013
Preferred Stock Offering Details: Post Holdings, Inc. (NYSE: POST) (the "Company") announced today that it intends to commence a private offering to eligible purchasers, subject to market and other conditions, of approximately $175 million of a newly created series of convertible preferred stock, to be designated as Series B 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 $26.25 million in shares of Preferred Stock. The Company intends to use the net proceeds from the offering to repay in full all amounts outstanding under its term loan facility, which had a principal balance of $168.4 million as of December 31, 2012, and use the remaining net proceeds for general corporate purposes which could include, among other things, financing acquisitions. --updated 2/21/13 - Post Holdings, Inc. (NYSE:POST) (the "Company") Post Holdings, Inc. (NYSE:POST) (the "Company") announced today that it has priced its offering of shares of a newly created series of convertible preferred stock, to be designated as its 3.75% Series B Cumulative Perpetual Convertible Preferred Stock (the "Preferred Stock"). The Company also has increased the size of the offering to $210,000,000 (or 2,100,000 shares) from the previously announced $175,000,000 and has granted the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $31,500,000 (or 315,000 shares) of Preferred Stock. Net proceeds from this offering are expected to be approximately $203,000,000, or approximately $233,500,000 if the initial purchasers exercise their option in full. The Company intends to use the net proceeds from the offering to repay in full all amounts outstanding under its term loan facility, which had a principal balance of $168.4 million as of December 31, 2012, and use the remaining net proceeds for general corporate purposes which could include, among other things, financing acquisitions. The offering is expected to close on February 26, 2013, subject to customary closing conditions.

Post Holdings is a consumer packaged goods holding company. Co. operates in five segments:Post Consumer Brands segment includes the North American ready-to-eat (RTE) cereal and granola businesses, inclusive of the Weetabix North American RTE cereal business; Michael Foods Group segment includes foodservice and food ingredient egg, potato and pasta businesses and a retail cheese business; Active Nutrition segment includes protein shakes, bars and powders and nutritional supplements; Private Brands segment primarily consists of peanut and other nut butters and dried fruit and nuts; and the Weetabix segment includes the international (primarily the U.K.) RTE cereal and muesli business.
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Name: Post Holdings Inc
Website: postholdings.com
Sector: Food & Beverage
Number of ETFs Holding POST: 50 (see which ones)
Total Market Value Held by ETFs: $594,568,284
Total Market Capitalization: $5,120,000,000
% of Market Cap. Held by ETFs: 11.61%

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