OREANDA-NEWS. Kellogg Company (NYSE: K) (the "Company") announced today that the financing condition, related to the previously announced tender offer (the "Tender Offer") to purchase for cash up to $440.0 million aggregate principal amount (the "Maximum Tender Amount") of its 7.45% Debentures due 2031 (the "Debentures"), has been satisfied by the Company's issuance and sale of $750,000,000 of 3.250% Senior Notes due 2026 and $650,000,000 of 4.500% Senior Debentures due 2046 (collectively, the "Notes") in a registered public offering. As previously disclosed, the Company intends to use the proceeds from the sale of the Notes, in part, to fund the consideration to be paid in the Tender Offer.

The Tender Offer is being made upon and is subject to the terms and conditions set forth in the Offer to Purchase dated February 25, 2016 (the "Offer to Purchase") and the related Letter of Transmittal. The Company's obligation to accept for payment and to pay for the Debentures validly tendered in the Tender Offer remain subject to the satisfaction or waiver of a number of other conditions described in the Offer to Purchase. The Company reserves the right, subject to applicable law, to: (i) waive any and all conditions to the Tender Offer; (ii) extend, terminate or withdraw the Tender Offer; (iii) increase or decrease the Maximum Tender Amount; or (iv) otherwise amend the Tender Offer in any respect.

About Kellogg Company

At Kellogg Company (NYSE: K), we are driven to enrich and delight the world through foods and brands that matter. With 2015 sales of approximately $13.5 billion, Kellogg is the world's leading producer of cereal, second largest producer of cookies and crackers, and a leading producer of savory snacks and frozen foods. Every day, our well-loved brands nourish families so they can flourish and thrive. These brands include Kellogg's®, Keebler®, Special K®, Pringles®, Frosted Flakes®, Pop-Tarts®, Corn Flakes®, Rice Krispies®, Kashi®, Cheez-It®, Eggo®, Coco Pops®, Mini-Wheats®, and many more.