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Post Holdings to pay down term loan borrowings with note proceeds
By Sara Rosenberg
New York, Aug. 10 – Post Holdings Inc. plans to repay a portion of its term loan using proceeds from the issuance of $1.2 billion in senior unsecured notes, according to a market source.
Remaining proceeds from the notes will be used for general corporate purposes, which may include potential future acquisitions, working capital and capital expenditures.
Post is a St. Louis-based manufacturer, distributor and marketer of ready-to-eat cereal products.
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