Financing ·
Kimberly-Clark completes $7B exchange offer for up to $7B of Kenvue notes and cash
KVUEKenvue Inc.
Kimberly-Clark Corporation completed its previously announced offers to exchange outstanding Kenvue Notes for new Kimberly-Clark notes and cash, along with consent solicitations to amend the Kenvue Indenture. The transaction retired approximately $6.17 billion in aggregate principal amount of Kenvue senior notes across seven series due between 2028 and 2063. Remaining outstanding balances range from $21 million to $260 million per series. The amendments eliminate restrictive covenants, certain default events, SEC reporting requirements, and merger restrictions for the remaining notes. Kenvue Inc. operates in the consumer health products industry.