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ST. LOUIS, Dec. 28 /PRNewswire-FirstCall/ -- Ralcorp Holdings, Inc.
(NYSE: RAH) today announced that late in the day on December 27, 2005 it
entered into a new $150 million five-year Credit Agreement with a group of
nine banks arranged by J. P. Morgan Securities Inc. and Citigroup Global
Markets, Inc. The participating banks include: JPMorgan Chase Bank, N.A. as
Administrative Agent; Citibank, N.A. as Syndication Agent; Wachovia Bank,
National Association, U.S. Bank National Association, SunTrust Bank, and PNC
Bank, National Association each as Documentation Agent; and CoBank, ACB as
Lender, Commerce Bank, N.A. as Lender, and Harris Trust N.A. as Lender.
The new Credit Agreement replaces the Companys existing Credit Agreement
entered into in 2004. The Company can use the proceeds from the Agreement for
general and working capital needs including repurchases of its stock and
acquisitions of new businesses.
Ralcorp produces a variety of store brand foods that are sold under the
individual labels of various grocery, mass merchandise and drug store
retailers, and frozen bakery products that are sold to restaurants and other
foodservice customers. Ralcorps diversified product mix includes: ready-to-
eat and hot cereals; snack mixes and corn-based snacks; crackers and cookies;
snack nuts; chocolate candy; salad dressings; mayonnaise; peanut butter; jams
and jellies; syrups; sauces; frozen griddle products including pancakes,
waffles, and French toast; frozen biscuits; and other frozen pre-baked
products such as breads and muffins. In addition, Ralcorp holds an interest
of approximately 20 percent in Vail Resorts, Inc., the leading mountain resort
operator in the United States.
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