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The Cheez-It® Escape Opens Its Doors for the Ultimate Cheezy Getaway
GlobeNewswire News Room· 2025-03-06 13:00
Mississauga, ON, March 06, 2025 (GLOBE NEWSWIRE) -- Cheese-obsessed Canadians now have even more reason to be grate-ful! The Cheez-It® brand is offering a one-of-a-kind, FREE getaway that goes beyond the irresistible crunch of Cheez-It® crackers—it’s a crave-worthy retreat. Canadians go to extreme lengths to satisfy their Cheez-It® cravings, and this exclusive experience lets them fully live out their obsession, surrounded by endless snacks, bold flavours, and playful surprises, all set against the vibrant ...
Mars, Incorporated Announces Pricing of $26 Billion of Senior Notes
Prnewswire· 2025-03-05 23:17
MCLEAN, Va., March 5, 2025 /PRNewswire/ -- Mars, Incorporated (the "Company" or "Mars") announced today the pricing of its previously announced private offering of $26.0 billion aggregate principal amount of senior notes, consisting of $2.0 billion in aggregate principal amount of 4.450% Senior Notes due 2027 (the "2027 Notes"), $3.25 billion in aggregate principal amount of 4.600% Senior Notes due 2028 (the "2028 Notes"), $4.5 billion in aggregate principal amount of 4.800% Senior Notes due 2030 (the "2030 ...
MARS COMMENCES CONSENT SOLICITATIONS AND OFFERS TO GUARANTEE RELATING TO KELLANOVA NOTES
Prnewswire· 2025-03-04 14:13
Core Viewpoint - Mars, Incorporated is soliciting consents from holders of Kellanova's outstanding senior notes for proposed amendments to existing indentures, which are contingent upon the consummation of the acquisition of Kellanova [1][3]. Group 1: Consent Solicitations and Proposed Amendments - The Consent Solicitations are related to three existing indentures of Kellanova, dated March 15, 2001, May 21, 2009, and May 6, 2024 [1][6]. - Proposed Amendments aim to modify certain covenants and events of default in the existing indentures to align with Mars' senior notes [6][10]. - The consent payment for each $1,000 principal amount of existing Kellanova notes will be $1.00 in cash, payable upon the consummation of the acquisition [4][5]. Group 2: Conditions and Execution - The issuance of the Mars Guarantee and consent payments will occur promptly after the acquisition's closing, subject to the satisfaction of conditions outlined in the offering memorandum [2][3]. - The consent from holders of a majority of the outstanding aggregate principal amount of specific Kellanova notes is required for the proposed amendments to take effect [7][8]. - Consents can be revoked prior to the expiration date or the receipt of requisite consents, but not thereafter except under limited circumstances [12][13]. Group 3: Independent Nature of Solicitations - Each consent solicitation is independent and not conditioned upon the completion of other solicitations, although the payment and effectiveness of amendments depend on the acquisition's consummation [10][11]. - Mars reserves the right to amend the terms of any consent solicitation without affecting others [10][11].
Mars, Incorporated Announces Offering of Senior Notes
Prnewswire· 2025-03-04 13:33
Core Viewpoint - Mars, Incorporated has initiated a private offering of senior notes to finance the acquisition of Kellanova, which is subject to customary closing conditions including regulatory approvals [1]. Group 1: Offering Details - The net proceeds from the offering will be used to fund the acquisition and cover related fees and expenses [1]. - The issuance of the notes may occur before the acquisition closes, and the closing of the offering is not contingent upon the acquisition being completed [1]. - If the acquisition is not completed by August 20, 2026, or if the merger agreement is terminated earlier, the notes will be subject to a special mandatory redemption at 101% of the principal amount plus accrued interest [1][2]. Group 2: Guarantee and Registration - The notes will not be guaranteed by any of Mars' subsidiaries at the issue date, but Kellanova is expected to guarantee them on a senior unsecured basis upon consummation of the acquisition [2]. - The notes are being offered in a private transaction to qualified institutional buyers and non-U.S. persons, relying on exemptions from the registration requirements of the Securities Act [3]. Group 3: Legal and Forward-Looking Statements - The press release does not constitute an offer to sell or solicit offers to buy the notes in jurisdictions where such actions would be unlawful [4]. - The communication includes forward-looking statements regarding the company's future growth and performance, which are based on management's expectations and assumptions that may prove to be inaccurate [5].
Kinross announces ownership of shares of Relevant Gold
Globenewswire· 2025-02-28 22:00
(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.) TORONTO, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) announced today that it has entered into an agreement to acquire 15,410,000 common shares (the “Shares”) of Relevant Gold Corp. (“Relevant Gold”) in a non-brokered private placement at a price of $0.30 per Share for total consideration of $4,623,000. Accordingly, as of today, taking into account the Shares already ...
Kellogg(K) - 2024 Q4 - Annual Report
2025-02-21 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the Fiscal Year Ended December 28, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number 1-4171 Kellanova (Exact name of registrant as specified in its charter) (State or other jurisdiction of Incorporation or organization) FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 38-0710 ...
Kellanova: Nowhere To Go, No Value To Grow, Hold
Seeking Alpha· 2025-02-19 13:05
Core Viewpoint - Mars Incorporated is set to acquire Kellanova for $83.50 per share, raising questions about the potential outcomes if the acquisition does not proceed [1] Group 1: Acquisition Details - Mars Incorporated is acquiring Kellanova at a price of $83.50 per share [1] Group 2: Investment Perspective - The article emphasizes the importance of identifying undervalued companies with significant upside potential for long-term investment [1] - The author identifies as a value dividend investor focused on long-term growth through dividends [1]
'I'm on Trump time:' Kellogg says Russia-Ukraine peace plan could come in days or weeks
CNBC· 2025-02-15 13:28
AUVERS-SUR-OISE, FRANCE - 2025/01/11: Lt Gen. Keith Kellogg, former National Security Advisor to U.S. Vice President Mike Pence speaks at the conference and says the regime in Iran is weaker and more vulnerable than it has been in decades. It should not be feared but challenged. At the Trans-Atlantic conference in Auvers-sur-Oise, north of Paris, titled New Policy Toward the Iranian Regime: Standing with the Organized Resistance, former world leaders and military officials from Europe and the U.S. gathered ...
Kinross reports 2024 fourth-quarter and full-year results
Globenewswire· 2025-02-12 22:00
Core Viewpoint - Kinross Gold Corporation reported strong financial and operational results for 2024, achieving record free cash flow and significant debt repayment, while maintaining stable production guidance for the upcoming years [2][5][43]. Financial Performance - Kinross achieved record free cash flow of over $1.3 billion in 2024, more than doubling year-over-year [5][19]. - The company repaid $800 million of debt during 2024, completing the repayment of a $1 billion term loan by February 10, 2025 [23][25]. - Reported net earnings for Q4 2024 were $275.6 million, or $0.22 per share, compared to $65.4 million, or $0.06 per share, in Q4 2023 [20]. - Full-year net earnings for 2024 were $948.8 million, or $0.77 per share, compared to $416.3 million, or $0.34 per share, in 2023 [20]. Production and Cost Metrics - Gold equivalent production for 2024 was 2.13 million ounces, slightly above the guidance of 2.1 million ounces [3][43]. - The production cost of sales per gold equivalent ounce sold was $1,020 for 2024, up from $942 in 2023 [12][44]. - Attributable all-in sustaining cost per gold equivalent ounce sold was $1,388 for 2024, compared to $1,316 in 2023 [15][45]. Operational Highlights - Tasiast achieved record throughput and production, becoming the highest-margin operation for the company [8][26]. - Paracatu delivered over 500,000 gold ounces for the seventh consecutive year [8]. - Bald Mountain converted nearly 1 million resource ounces to reserves, with plans to proceed with mining at the Redbird pit [7][39]. Future Guidance - Kinross expects to produce approximately 2.0 million attributable gold equivalent ounces in 2025, with stable production guidance for 2026 and 2027 [43][44]. - The attributable production cost of sales is expected to be $1,120 per ounce in 2025, reflecting a moderate increase due to lower overall production and inflationary impacts [44][45]. - Attributable capital expenditures for 2025 are forecasted to be approximately $1,150 million [50]. Sustainability and Community Engagement - Kinross is on track to achieve a 30% reduction in emissions intensity by 2030, having implemented over 15 energy efficiency projects in 2024 [56]. - The company provided flood relief aid to communities in Mauritania and Brazil, demonstrating its commitment to local community support [57]. - Kinross was recognized for its corporate governance, ranking as the top gold mining company in The Globe and Mail's annual corporate governance ranking [58].
Trailblazers and Innovators: Kellanova Women in STEM
Prnewswire· 2025-02-11 13:21
CHICAGO, Feb. 11, 2025 /PRNewswire/ -- International Day of Women and Girls in Science, celebrated annually on February 11, highlights the vital contributions of women in science, technology, engineering, and mathematics (STEM) while promoting inclusion in these historically male-dominated fields. Recognized by the United Nations, the day inspires future innovators and underscores the importance of diverse voices in solving global challenges. In recognition of International Day of Women and Girls in Scie ...