Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc., Banc of America Securities LLC, Deutsche Bank Securities Inc., SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC as initial purchasers on the Rule 144A and Regulation S offering of $300 million aggregate principal amount of Ralcorp Holdings, Inc.’s 6.625% senior notes.

Ralcorp is a manufacturer of store brand (private label) food products in the grocery, mass merchandise, drug and foodservice channels. Ralcorp also owns the Post Cereals business, which is one of the largest sellers of ready-to-eat cereals in the United States.

The Davis Polk corporate team included partner Michael Kaplan and associates Michael Segall and Johanna R. Dyer (not yet admitted). Partner Harry Ballan and associate Devasish Majumdar provided tax advice. Counsel Betty M. Huber provided environmental advice. Gwendolyn P. Ranada was the legal assistant on the transaction. All members of the Davis Polk team work in the New York office.