Kimberly-Clark Corporation Announces Expiration and Final Results of Exchange Offers for Kenvue Notes
Key Highlights
- ➤$6.376 billion of Kenvue notes tendered across seven series
- ➤98.54% of Kenvue’s 2053 notes were tendered, the highest participation rate
- ➤Kimberly-Clark expects exchange-offer settlement on November 4, 2026
- ➤Tendering holders receive $970 Kimberly-Clark notes per $1,000 Kenvue notes
- ➤Requisite consents were received, activating Kenvue indenture amendments upon settlement
Kimberly-Clark Corporation Announces Expiration and Final Results of Exchange Offers for Kenvue Notes PR Newswire
DALLAS, Nov. 3, 2026 /PRNewswire/ -- Kimberly-Clark Corporation (NASDAQ: KMB) ("Kimberly-Clark") announced today the final results of the offers to exchange (each an "Exchange Offer" and, collectively, the "Exchange Offers") any and all outstanding notes (the "Kenvue Notes") issued by Kenvue LLC (as successor in interest to Kenvue Inc.) ("Kenvue") for up to $7,000,000,000 aggregate principal amount of new notes to be issued by Kimberly-Clark (the "Kimberly-Clark Notes") and cash and related consent solicitations (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") made by Kimberly-Clark on behalf of Kenvue to adopt certain amendments (the "Amendments") to the indenture governing the Kenvue Notes (the "Kenvue Indenture"). The Exchange Offers and Consent Solicitations expired at 5:00 p.m., New York City time, on November 2, 2026 (the "Expiration Date").
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