Ralcorp to offer senior notes to qualified buyers
August 11, 2009
by Bakingbusiness Staff
ST. LOUIS — Ralcorp Holdings, Inc. on Tuesday said it plans to offer its senior notes to certain qualified institutional buyers, effective immediately. The company, which makes Post branded cereals as well as a variety of value brand and store brand foods, plans to use the net proceeds to refinance outstanding indebtedness and other general corporate purposes.
Further details of the offering, which will be part of an offering memorandum to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, were not disclosed.