Kellogg intends to sell senior notes due 2030 via three bookrunners

By Devika Patel

Knoxville, Tenn., May 26 – Kellogg Co. intends to offer fixed-rate senior notes due 2030 (BBB), according a 424B3 filing with the Securities and Exchange Commission.

The notes are callable at the greater of a make-whole call and a par call until three months prior to maturity and then are callable at par.

Barclays, BofA Securities Inc. and Morgan Stanley & Co. LLC are the joint bookrunners.

Proceeds will be used for general corporate purposes, including repaying a portion of the company's $601 million of 4% notes due Dec. 15, 2020.

The Battle Creek, Mich.-based company manufactures cereal and convenience foods.

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