Kellogg Company (NYSE:K) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
On July 10, 2017, Kellogg Funding Company, LLC entered into an amendment (the “Amendment”) to its previously disclosed Receivables Purchase Agreement, dated July 13, 2016, as subsequently amended, among Kellogg Business Services Company, as servicer, Coöperatieve Rabobank U.A., New York Branch, as purchaser and administrative agent, and each of the other purchasers party thereto. The Amendment extends the scheduled termination date of the receivables securitization program to July 12, 2018.
For a complete description of the terms and conditions of the modifications to the receivables securitization program, please refer to the Amendment, which is filed with thisForm8-Kas Exhibit 10.1 and is incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 with respect to the Amendment is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits
(d) Exhibits.
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Exhibit 10.1 |
Third Amendment to Receivables Purchase Agreement, dated as of July 10, 2017, among Kellogg Funding Company, LLC, Kellogg Business Services Company, Coöperatieve Rabobank U.A., New York Branch and each of the other purchasers party thereto |
KELLOGG CO ExhibitEX-10.1 2 exhibit101.htm EXHIBIT 10.1 Exhibit Exhibit 10.1EXECUTION COPYTHIRD AMENDMENT TORECEIVABLES PURCHASE AGREEMENTTHIRD AMENDMENT TO RECEIVABLES PURCHASE AGREEMENT,…To view the full exhibit click here
About Kellogg Company (NYSE:K)
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s products include cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its segments include U.S. Morning Foods; U.S. Snacks; U.S. Specialty; North America Other; Europe; Latin America, and Asia Pacific. The U.S. Morning Foods operating segment includes cereal, toaster pastries, health and wellness bars, and beverages. The U.S. Snacks segment includes cookies, crackers, cereal bars, savory snacks and fruit-flavored snacks. Its U.S. Specialty segment primarily represents food away from home channels, including food service, convenience, vending, Girl Scouts and food manufacturing. The North America Other segment includes the U.S. Frozen, Kashi and Canada operating segments. The Company’s Asia Pacific segment includes Sub-Saharan Africa, Australia and other Asian and Pacific markets.