WK Kellogg Co, a subsidiary of Kellogg Company, has entered into a credit facility agreement worth $1.1 billion, which will mature in five years. The agreement includes term loans and a revolving credit facility with interest rates based on the subsidiary's net leverage ratio. The subsidiary also plans to transfer sponsorship of a pension plan to the Subsidiary as part of a spin-off. The spin-off is expected to be effective on October 2, 2023, and Kellogg common stock will trade with due-bills until September 29, 2023.