---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-233549"
form_type: "8-K"
ticker: null
cik: "0001959348"
company_name: "WK Kellogg Co"
filed_at: "2023-09-12T23:59:59+00:00"
generated_at: "2026-06-10T21:25:40.428773+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WK Kellogg Co secures $1.1B credit facility; spin-off from Kellogg effective Oct 2, 2023

## Summary
- Entered into $1.1B credit facility – $500M term loan, $250M delayed draw term loan, $350M revolver; matures Sept 2028.
- SEC declared Form 10 effective; spin-off from Kellogg expected Oct 2, 2023. Distribution ratio: 1 KLG share per 4 Kellogg shares.
- Record date for distribution: Sept 21, 2023. When-issued trading under 'KLG WI' begins Sept 27; regular-way trading on NYSE starts Oct 2.
- Interest rates based on SOFR/CDOR/EURIBOR plus margin of 1.50%-2.50%; unused commitment fee 0.20%-0.30%.

## SEC filing metadata
- accession: 0001193125-23-233549
- form_type: 8-K
- cik: 0001959348
- company_name: WK Kellogg Co
- filed_at: 2023-09-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1959348/000119312523233549/0001193125-23-233549-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1959348/000119312523233549/d543757d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-233549
- JSON: https://secwatch.observer/filing/0001193125-23-233549.json
- Plain text: https://secwatch.observer/filing/0001193125-23-233549.txt

## Key facts
- Debt Financings
  WK Kellogg Co incurred credit facility of $1,100,000,000 at SOFR plus an interest rate margin ranging from 1.50% to 2.50% maturing five years from the closing date.
  - Instrument: credit facility
  - Principal: $1,100,000,000
  - Rate: SOFR plus an interest rate margin ranging from 1.50% to 2.50%
  - Maturity: five years from the closing date
  - Event: incurrence
  source text: On September 12, 2023, WK Kellogg Co (the “Company”) entered into a credit facility in an aggregate principal amount of $1,100,000,000 (the “Credit Facility”), which will mature five years from the closing date thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959348/000119312523233549/0001193125-23-233549-index.htm
- Material Agreements
  WK Kellogg Co entered into Credit Facility valued at $1,100,000,000 (effective 2023-09-12).
  - Action: entry
  - Agreement: credit facility
  - Value: $1,100,000,000
  - Effective: 2023-09-12
  source text: On September 12, 2023, WK Kellogg Co (the “Company”) entered into a credit facility in an aggregate principal amount of $1,100,000,000 (the “Credit Facility”), which will mature five years from the closing date thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1959348/000119312523233549/0001193125-23-233549-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.