New York, February 25, 2016 -- Moody's Investors Service ("Moody's") has assigned Baa2 ratings to a total of USD$1.4 billion of senior unsecured notes being offered today by Kellogg Company ("Kellogg") in separate 10-year and 30-year tranches. The net proceeds from the offerings will be used primarily to repurchase a portion of the company's $1.1 billion 7.45% debentures due 2031 through a tender offer launched today and to reduce commercial paper balances. The rating outlook is stable.
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