Kellogg Canada Inc. completes C$300 million senior unsecured notes offering

Date Closed: 5/22/2014

Value: C$300 million

On May 22, 2014, Kellogg Canada Inc. (Kellogg Canada) issued $300 million principal amount of 2.05% Senior Unsecured Notes due May 23, 2017 on a private placement basis. The notes are fully and unconditionally guaranteed by Kellogg Company. Kellogg Canada Inc. is a wholly-owned subsidiary of Kellogg Company and produces and markets Kellogg Company’s products in Canada. Kellogg Company is the world’s leading producer of cereal, the second largest producer of cookies and crackers, and a leading producer of savoury snacks and frozen foods. Their additional product offerings include toaster pastries, cereal bars, fruit-flavoured snacks and veggie foods. Their products are manufactured and marketed globally.

TD Securities Inc., Merrill Lynch Canada Inc. and HSBC Securities (Canada) Inc. acted as the agents for the offering. The proceeds of the offering were used to repay Kellogg Canada’s existing 2.10% Senior Notes due May 22, 2014 at their maturity.

BLG represented Kellogg Canada with a team led by Paul Mingay that included Gordon Raman, Daniel Lang and Liz Ng.