09:21 AM EDT, 08/22/2024 (MT Newswires) -- Post Holdings ( POST ) said Thursday that $760.9 million of its 5.625% senior notes due 2028 were tendered in an early cash offer, exceeding its $475 million target.

The packaged food company said that it would apply a proration factor of about 62.5% as more notes were tendered than the offer cap.

Investors who participated by the Aug. 21 early tender deadline will receive $1,018.75 per $1,000 of notes, including a $50 early premium, Post said.

Settlement is expected on Aug. 23, assuming the company secures financing from a separate senior notes issuance, it added.