Kellogg to conduct two-part sale of fixed-rate notes due 2021, 2028

By Devika Patel

Knoxville, Tenn., May 7 – Kellogg Co. plans to offer fixed-rate senior notes in two tranches due 2021 and 2028, according to a 424B3 filing with the Securities and Exchange Commission.

The 2021 notes will have a make-whole call. The 2028 notes will have a make-whole call until three months prior to maturity, then a par call.

Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used for general corporate purposes, including repaying the company’s $400 million of 3.25% notes due May 21, 2018 at maturity.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.