Fixed Income

Kellogg Company typically funds its operations through internally generated cash flow and commercial paper as well as through capital market borrowings. This section provides details in regard to our financing.

Credit Ratings

S&P Moody's
Ratings Watch Action Legend: (WP) Watch Positive, (WN) Watch Negative, (WU) Watch Uncertain, (WR) Watch Removed, (OP) Outlook Positive, (ON) Outlook Negative, (OS) Outlook Stable, (OD) Outlook Developing
Issuer ratings are S&P/Moody’s/Fitch respectively. A security rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. The rating is subject to revision or withdrawal at any time by the assigning rating organization.

BORROWING & CREDIT AGREEMENTS

AS OF NOVEMBER 8, 2017 Currency Principal Outstanding (Millions) Rate
Senior Notes due 5/21/18 USD 400 3.250
Senior Notes due 11/15/19 USD 500 4.150
Senior Notes due 12/15/20 USD 850 4.000
Senior Notes due 5/24/21 EUR 500 1.750
Senior Notes due 5/17/22 USD 358 3.125
Senior Notes due 11/17/22 EUR 600 0.800
Senior Notes due 3/1/23 USD 211 2.750
Senior Notes due 12/1/23 USD 600 2.650
Senior Notes due 5/17/24 EUR 600 1.000
Senior Notes due 3/10/25 EUR 600 1.250
Senior Notes due 4/1/26 USD 750 3.250
Senior Notes due 11/15/27 USD 600 3.400
Senior Notes due 4/1/31 USD 625 7.450
Senior Notes due 4/1/24 USD 650 4.500
U.S Commercial Paper as of 9/30/17 USD 285  
EUR Commercial Paper as of 9/30/17 EUR 170  
Revolving Credit Facility
5 Year USD 2000  
364-day USD 8  
Drawn as of 9/30/17 USD 0  

MATURITY SCHEDULE

INVESTOR CONTACTS

Kellogg Investor Relations
Phone: (269) 961-2800
investor.relations@kellogg.com
Kellogg Shareholder Services
Toll Free: (877) 910-5385
Annual Shareholder Meeting
Phone: (269) 961-2800