Kimberly-Clark Corporation Announces Pricing of $4.9 Billion Private Offering of Senior Notes
Key Highlights
- ➤Kimberly-Clark (KMB) priced $4.9 billion of senior notes across five tranches.
- ➤Notes carry 5.100%-5.800% coupons and mature from 2028 through 2036.
- ➤Proceeds will fund cash consideration and expenses for the proposed Kenvue acquisition.
- ➤Acquisition is expected in fourth quarter 2026, subject to customary closing conditions.
- ➤Notes face mandatory redemption at 101% if the acquisition fails by the outside date.
Kimberly-Clark Corporation Announces Pricing of $4.9 Billion Private Offering of Senior Notes PR Newswire
DALLAS, Oct. 19, 2026 /PRNewswire/ -- Kimberly-Clark Corporation (NASDAQ: KMB) ("Kimberly-Clark") announced today that it has priced a private offering (the "Offering") of senior unsecured notes in a combined aggregate principal amount of $4.9 billion (collectively, the "Notes"). The Notes will be issued by Kimberly-Clark in five tranches: (i) $750,000,000 aggregate principal amount of 5.100% Notes due 2028, (ii) $1,000,000,000 aggregate principal amount of 5.300% Notes due 2029, (iii) $1,250,000,000 aggregate principal amount of 5.450% Notes due 2031, (iv) $750,000,000 aggregate principal amount of 5.650% Notes due 2034, and (v) $1,150,000,000 aggregate principal amount of 5.800% Notes due 2036. Kimberly-Clark expects that the closing of the offering will occur on October 29, 2026, subject to the satisfaction of customary closing conditions.
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