Kellogg To Buy Back Up To $500M In Notes

Law360, New York (October 28, 2009, 12:39 PM EDT) -- Cereal giant Kellogg Co. is planning a cash tender offer to purchase up to $500 million of its senior notes due in 2011.

In order to fund the offer, the company also plans to commence a public offering of unsecured senior debt securities “in the near future,” Kellogg said Wednesday, adding that the tender offer will only proceed if the company is able to raise at least $500 million in the public offering.

That public securities offering will need to take place in the next two...
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