{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-233552","form_type":"8-K","ticker":null,"cik":"0000055067","company_name":"KELLANOVA","filed_at":"2023-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.387803+00:00","generated_at":"2026-06-10T21:28:23.447251+00:00","sec_items":["1.01","2.03","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Kellogg board approves spin-off of WK Kellogg Co; effective Oct 2, 2023","bullets":["Board formally approved spin-off of WK Kellogg Co; effective 12:01am EDT Oct 2, 2023.","Record date Sept 21; distribution ratio: 1 share of WK Kellogg Co (KLG) per 4 shares of Kellogg (K).","Kellanova (renamed K) projected 2024 net sales $13.4-13.6B, adj. EBITDA $2.25-2.3B.","WK Kellogg Co projected 2024 net sales ~$2.7B, adj. EBITDA $255-265M; expects 500 bps margin improvement by 2026.","WK Kellogg Co entered $1.1B credit facility ($500M term loan, $250M delayed draw, $350M revolver) maturing in 5 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-233552","json":"https://secwatch.observer/filing/0001193125-23-233552.json","markdown":"https://secwatch.observer/filing/0001193125-23-233552.md","text":"https://secwatch.observer/filing/0001193125-23-233552.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/55067/000119312523233552/0001193125-23-233552-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/55067/000119312523233552/d534486d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:28:23.447251+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aea9e18de7bfbf020a72a6535b139b04678f30a4","claim":"KELLANOVA incurred credit facility of $1,100,000,000 with lenders at SOFR, CDOR, or EURIBOR plus margin ranging from 1.50% to 2.50% (for SOFR/CDOR/EU maturing five years from closing date.","evidence_excerpt":"On September 12, 2023, WK Kellogg Co (the “Subsidiary”), a wholly owned subsidiary of Kellogg Company (“Kellogg”) 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_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/55067/000119312523233552/0001193125-23-233552-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,100,000,000"},{"label":"Counterparty","value":"lenders"},{"label":"Rate","value":"SOFR, CDOR, or EURIBOR plus margin ranging from 1.50% to 2.50% (for SOFR/CDOR/EU"},{"label":"Maturity","value":"five years from closing date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a9e4df3a1babf4e148b6b9642dcc55b0a6e8d720","claim":"KELLANOVA entered into Credit Facility with lenders under the Credit Facility valued at $1,100,000,000 (effective 2023-09-12).","evidence_excerpt":"On September 12, 2023, WK Kellogg Co (the “Subsidiary”), a wholly owned subsidiary of Kellogg Company (“Kellogg”) 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_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/55067/000119312523233552/0001193125-23-233552-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"lenders under the Credit Facility"},{"label":"Value","value":"$1,100,000,000"},{"label":"Effective","value":"2023-09-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}