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August 17, 2009 (FinancialWire) -- Ralcorp Holdings, Inc. (NYSE: RAH | Quote | Chart | News | PowerRating) has closed an offering of $300 million of its 6.625% senior notes due 2039 in a private placement. The notes were priced at 99.702% of par value.
The company plans to use the net proceeds from the offering to refinance outstanding indebtedness. The remainder of the proceeds will be used for general corporate purposes.
St. Louis-based Ralcorp produces Post branded cereals, a range of value brand and store brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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