Financing ·
Kimberly-Clark prices $4.9B of senior unsecured notes due 2028 through 2036 to fund Kenvue acquisition
KMBKimberly Clark Corp
Kimberly-Clark Corporation completed the sale of $4.9 billion in aggregate principal amount of senior unsecured notes, consisting of tranches maturing in 2028 (5.100%), 2029 (5.300%), 2031 (5.450%), 2034 (5.650%), and 2036 (5.800%). The proceeds, combined with cash on hand and commercial paper borrowings, will fund the cash consideration for its proposed acquisition of Kenvue Inc. Concurrently, Kimberly-Clark terminated the remaining $3.9 billion of commitments under a bridge loan facility previously established to finance the transaction. The company operates in the consumer goods industry, manufacturing personal care and tissue products.