Kimberly-Clark Corporation (KMB) announced the pricing of a $4.9 billion private offering of senior unsecured notes. The net proceeds are intended to fund the cash consideration for its previously announced acquisition of Kenvue Inc., which is expected to be completed in the fourth quarter of 2026.
Key Details
- Offering Details: A total of $4.9 billion in senior unsecured notes issued across five tranches with maturities ranging from 2028 to 2036 and interest rates from 5.100% to 5.800%.
- Timeline: The note offering is expected to close on or about October 29, 2026, subject to customary closing conditions.
- Contingency: The offering is not conditioned on the acquisition's completion, but the notes must be redeemed at 101% of the principal amount if the acquisition is not consummated by a specified date (on or after May 31, 2027) or is terminated.