trending Market Intelligence /marketintelligence/en/news-insights/trending/lj41ZpNzAsySPrcARz5Qxw2 content esgSubNav
In This List

Kellogg prices $1B senior notes offering

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches


Kellogg prices $1B senior notes offering

Kellogg Co. on Aug. 7 priced its previously announced tender offers to purchase for cash up to $1 billion of its outstanding senior notes with varying maturity dates.

The Battle Creek, Mich.-based cereal-maker is offering to repurchase any and all of its outstanding 4.150% senior notes due 2019 and up to $500 million combined aggregate principal amount of its 4.000% senior notes due 2020, 3.250% senior notes due 2021, 2.650% senior notes due 2023, and 3.400% senior notes due 2027.

Kellogg is offering a premium of $30 per $1,000 principal amount of the notes if they are tendered and accepted for purchase before 5 p.m. ET on Aug. 6. The offer is expected to expire at 11:59 p.m. ET on Aug. 20, unless extended or terminated.

BofA Merrill Lynch, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as lead dealer managers for the offers.