Kellogg Company Announces Early Tender Results and Upsizing of its Debt Tender Offer
OREANDA-NEWS. Kellogg Company (NYSE: K) (the "Company") announced today the early tender results of its previously announced tender offer (the "Tender Offer") to purchase for cash its 7.45% Debentures due 2031 (the "Debentures") and increased the Maximum Tender Amount of the Tender Offer from $440,000,000 to $474,821,000. Except for such increase in the Maximum Tender Amount, all other terms and conditions of the Tender Offer remain unchanged.
The principal amount of the Debentures that were validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on March 9, 2016 (the "Early Tender Date") and the principal amount of the Debentures that will be accepted for purchase by the Company on the Early Settlement Date (as defined below) are specified in the table below. As a result of the increase in the Maximum Tender Amount, all Debentures validly tendered and not validly withdrawn prior to the Early Tender Date will be accepted for purchase by the Company, without proration, subject to the other terms and conditions of the Tender Offer.
Title of Debenture |
CUSIP Number |
Principal Amount |
Principal Amount |
Principal Amount |
Early Tender Premium |
Total Consideration (per |
7.45% Debentures |
487836AT5 |
$1,100,000,000 |
$474,821,000 |
$474,821,000 |
$30.00 |
$1,301.77 |
(1) Inclusive of the Early Tender Premium. |
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