Bellring brands announces upsizing and pricing of secondary equity offering of shares of common stock held by post

St. louis, aug. 08, 2022 (globe newswire) -- bellring brands, inc. (nyse: brbr) (“bellring”) yesterday announced the pricing of its underwritten offering of shares of its common stock currently owned by post holdings, inc. (“post”), bellring's former parent company, at a public offering price of $23.50 per share. the offering was upsized from 10,808,473 shares to 14,800,000 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 (collectively, the “term loan lenders”) prior to the closing of the offering. the term loan lenders or their designees (collectively, the “selling stockholders”) then expect to sell such shares of common stock to the underwriters in 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. the offering is expected to close on august 11, 2022, subject to customary closing conditions.
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