---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-299955"
form_type: "8-K"
ticker: null
cik: "0000055067"
company_name: "KELLANOVA"
filed_at: "2023-12-20T23:59:59+00:00"
generated_at: "2026-06-07T10:12:50.110131+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Kellanova enters $1B 364-day credit facility, replaces prior facility

## Summary
- Unsecured revolving credit facility of up to $1.0B, 364-day term, for general corporate purposes.
- No borrowings outstanding at closing; interest rates based on SOFR plus margin tied to credit ratings.
- Covenants include interest expense coverage ratio of at least 4.0x for four consecutive quarters.
- Replaces prior 364-day credit agreement dated December 20, 2022, which was terminated.
- JPMorgan Chase Bank acts as Administrative Agent; multiple co-syndication agents and arrangers.

## SEC filing metadata
- accession: 0001193125-23-299955
- form_type: 8-K
- cik: 0000055067
- company_name: KELLANOVA
- filed_at: 2023-12-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55067/000119312523299955/0001193125-23-299955-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55067/000119312523299955/d559417d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-299955
- JSON: https://secwatch.observer/filing/0001193125-23-299955.json
- Plain text: https://secwatch.observer/filing/0001193125-23-299955.txt

## Key facts
- Debt Financings
  KELLANOVA incurred revolving credit of up to an aggregate principal amount of US $1,000,000,000 with JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Co-Syndication Agents at based on the secured overnight financing rate, or SOFR ... together with a margi maturing 364-Day.
  - Instrument: revolving credit
  - Principal: up to an aggregate principal amount of US $1,000,000,000
  - Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Co-Syndication Agents
  - Rate: based on the secured overnight financing rate, or SOFR ... together with a margi
  - Maturity: 364-Day
  - Event: incurrence
  source text: allows the Borrower, for the fees and expenses and at the interest rates specified therein, to borrow, on a revolving credit basis up to an aggregate principal amount of US $1,000,000,000 at any time outstanding. The interest rates in the New 364-Day Credit Facility applicable to borrowings under the facility are based on the secured overnight financing rate, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/55067/000119312523299955/0001193125-23-299955-index.htm
- Material Agreements
  KELLANOVA entered into New 364-Day Credit Facility with JPMorgan Chase Bank, N.A. valued at US $1,000,000,000 revolving credit facility (effective 2023-12-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: US $1,000,000,000 revolving credit facility
  - Effective: 2023-12-19
  source text: On December 19, 2023 (the “Effective Date”), Kellanova (the “Company” or the “Borrower”) entered into an unsecured 364-Day Credit Agreement (the “New 364-Day Credit Facility”) with JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Co-Syndication Agents, and JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Joint Lead Arrangers and Joint Bookrunners and the lenders named therein (the “364-Day Credit Facility Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/55067/000119312523299955/0001193125-23-299955-index.htm
- Material Agreements
  KELLANOVA terminated Old 364-Day Credit Facility with JPMorgan Chase Bank, N.A. valued at Terminated in connection with new facility (effective 2023-12-19).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Value: Terminated in connection with new facility
  - Effective: 2023-12-19
  source text: On the Effective Date, in connection with entering into the New 364-Day Credit Facility, the Company terminated its existing 364-Day Credit Agreement, dated as of December 20, 2022 (the “Old 364-Day Credit Facility”) with the lenders named therein, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Co-Syndication Agents, and JPMorgan Chase Bank, N.A., Barclays Bank PLC, BofA Securities, Inc., Citibank, N.A., Coöperatieve Rabobank U.A., New York Branch, and Morgan Stanley MUFG Loan Partners, LLC as Joint Lead Arrangers and Joint Bookrunners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/55067/000119312523299955/0001193125-23-299955-index.htm

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