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BellRing Brands (BRBR) Offering by Post (POST) is Said to Price at $22.30 Per Share - Bloomberg

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Post Holdings to Exit Ownership of BellRing Brands with an Additional Debt-for-Equity Exchange and Offering of BellRing Common Stock by Selling Stockholder

November 22, 2022 8:00 AM EST

ST. LOUIS, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE: POST) (the Company or Post) today announced an underwritten offering (the offering) of all of its 4,597,339 shares of common stock (the offering shares) of BellRing Brands, Inc. (BellRing). The offering shares, currently owned by Post, were sold by J.P. Morgan Securities LLC (the funding incremental term loan lender) in connection with the entry by the Company into an Exchange Agreement, dated November 21, 2022 (the Exchange Agreement), with the funding incremental term loan lender. Under the Exchange Agreement, the Company will transfer all of its shares of common stock of BellRing... More

BellRing Brands Announces Secondary Equity Offering of 4,597,339 Shares of Common Stock Held by Post

November 21, 2022 4:15 PM EST

ST. LOUIS, Nov. 21, 2022 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE: BRBR) (BellRing) today announced an underwritten offering of 4,597,339 shares of its common stock currently owned by Post Holdings, Inc. (Post), BellRings former parent company. Post expects to exchange such shares of our common stock for certain indebtedness of Post held by J.P. Morgan Securities LLC (the selling stockholder) prior to the closing of the offering. The selling stockholder then expects to sell such shares of common stock to the underwriters in the offering. BellRing is not selling any shares of its... More