Kimberly-Clark Corporation priced $4.9 billion in senior unsecured notes to help finance its pending acquisition of Kenvue Inc. The offering comprises five tranches, with maturities ranging from 2028 to 2036. Interest rates range from 5.100% to 5.800%. The offering is expected to close on October 29, 2026.
Kimberly-Clark will use the proceeds, together with cash on hand, to fund the cash portion of the acquisition and related expenses. The company anticipates completing the acquisition in the fourth quarter of 2026.
The bond sale is not contingent on the acquisition closing. However, the notes include a provision allowing redemption at a premium if the acquisition has not closed by mid-2027.