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Kellogg selling senior notes due 2026, 2046 via four bookrunners
By Aleesia Forni
New York, Feb. 25 – Kellogg Co. is in the market with an offering of senior notes in two tranches, according to a 424B3 filing with the Securities and Exchange Commission.
The offering includes senior notes due 2026 and senior debentures due 2046.
There is a change-of-control put at 101%.
Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to fund a tender offer and to repay commercial paper borrowings.
The maker of cereal and convenience foods is based in Battle Creek, Mich.
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