Post Holdings (NYSE:POST) announced two major financial developments today.
Firstly, the company has reaffirmed its adjusted EBITDA guidance for fiscal year 2024, maintaining the forecast in the range of $1,370 million to $1,390 million, as initially provided on August 1, 2024.
This steady outlook reflects Post Holdings' continued confidence in its financial health and operational stability.
In a strategic move to optimize its capital structure and fuel further growth, Post Holdings also initiated a private offering of $500 million in senior notes due 2034.
The proceeds from this offering are earmarked for the redemption of the company’s outstanding 5.625% senior notes due in 2028, alongside general corporate purposes.
These financial maneuvers are designed to enhance the company’s financial flexibility, allowing Post Holdings to continue its trajectory towards sustained growth and shareholder value enhancement.