Kimberly-Clark Corporation Announces Successful Completion of $4.9 Billion Private Offering of Senior Notes
Key Highlights
- ➤$4.9 billion senior notes offering closed across five tranches maturing 2028–2036
- ➤5.100%–5.800% coupon rates set across Kimberly-Clark's five note tranches
- ➤Proceeds will fund cash consideration and expenses for proposed Kenvue acquisition
- ➤Kenvue acquisition remains subject to customary closing conditions
- ➤Kimberly-Clark expects accelerated deleveraging supported by synergies and free cash flow
Expert Statements
Nelson Urdaneta, CFO of Kimberly-Clark
“This transaction marks another milestone in the creation of a global consumer health and wellness leader”
Nelson Urdaneta, CFO of Kimberly-Clark
“The new company offers an opening balance sheet structured for financial flexibility, consistent with Kimberly-Clark's long-track record of disciplined capital management.”
Nelson Urdaneta, CFO of Kimberly-Clark
“Our combination of synergy-driven earnings growth, strong free cash flow and scheduled debt maturities will enable de-leveraging on an accelerated basis to levels consistent with our current credit ratings.”
Kimberly-Clark Corporation Announces Successful Completion of $4.9 Billion Private Offering of Senior Notes PR Newswire
DALLAS, Oct. 29, 2026 /PRNewswire/ -- Kimberly-Clark Corporation (NASDAQ: KMB) ("Kimberly-Clark"), a core S&P 500 component, announced today that it has closed its previously announced private offering (the "Offering") of senior unsecured notes in a combined aggregate principal amount of $4.9 billion (collectively, the "Notes"). The Notes were 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.
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