09:15 AM EDT, 09/25/2024 (MT Newswires) -- Post Holdings ( POST ) said Wednesday it plans to start a $500 million private placement of senior notes maturing in 2034.

Net proceeds from the notes offering will be used to redeem all of the company's outstanding 5.625% senior notes due 2028, including any associated premiums, fees or expenses.

Any remaining funds will be used for general corporate purposes, including potential acquisitions, stock buybacks or repaying debt, the packaged foods company said.