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Kimberly-Clark Corporation Announces Successful Completion of $4.9 Billion Private Offering of Senior Notes

  • Kimberly-Clark Corporation closed a private offering of senior unsecured notes totaling $4.9 billion.
  • The notes were issued in five tranches ranging from $750 million to $1.25 billion with interest rates between 5.100% & 5.800% due between 2028 & 2036.
  • CFO Nelson Urdaneta stated the transaction supports the company's goal to become a global consumer health & wellness leader with financial flexibility.
  • The offering is connected to the proposed acquisition of Kenvue Inc., which remains subject to customary closing conditions.
  • Proceeds will fund the cash consideration for the Kenvue acquisition, pay related fees, & cover general corporate purposes.
  • The notes were sold to qualified institutional buyers & non-U.S. persons under Rules 144A & Regulation S without registration under the Securities Act.