Proceeds from the securities offering also will be used for general corporate purposes, according to the company's prepared statement. The notes are separately rated BBB+/Baa1 by Standard & Poors and Moody's Investors Service. They mature March 13, 2006.
"We are very pleased with this execution of a 6.71% coupon," Post chief financial officer R. Gregory Fox, says in the statement. "We will continue to opportunistically fix our exposure to variable rate debt as attractive opportunities such as this one arise."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more information visit Asset & Logo Licensing.
