- BellRing Brands ( NYSE: BRBR ) has priced its underwritten offering of shares of its common stock currently owned by Post Holdings ( NYSE: POST ), BellRing’s former parent company, at a public offering price of $23.50 per share.
- The offering was upsized from 10.81M shares to 14.8M shares of BellRing’s common stock.
- Post expects to exchange such shares of our common stock for certain indebtedness of Post held by J.P. Morgan Securities LLC, Barclays Bank PLC, Citicorp North America, Inc., Goldman Sachs Lending Partners LLC and Morgan Stanley & Co. LLC prior to the closing of the offering.
- BellRing is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares in the offering.
- Offering is expected to close on August 11, 2022.
- Upon closure of the offering, BellRing intends to concurrently repurchase from the underwriters 800,000 shares out of the aggregate 14.8M shares of its common stock that are the subject of the offering.
- The price per share to be paid by BellRing will equal the price at which the underwriters will purchase the shares of BellRing’s common stock from the selling stockholders in the offering.
For further details see:
BellRing Brands prices upsized secondary stock offering of 14.8M shares