Financing ·
Prices $4.9B of senior unsecured notes due 2028 through 2036 to fund Kenvue acquisition
KMBKimberly Clark Corp
Kimberly-Clark priced a private offering of $4.9 billion in senior unsecured notes across five tranches maturing between 2028 and 2036, with coupon rates ranging from 5.100% to 5.800%. The company intends to use the net proceeds, along with cash on hand and commercial paper borrowings, to fund the cash consideration for its proposed acquisition of Kenvue Inc., expected to close in the fourth quarter of 2026. Closing is anticipated around October 29, 2026. Kimberly-Clark operates in the consumer goods industry, manufacturing personal care and hygiene products.