$KMB (KIMBERLY CLARK) — 8-K: Kimberly-Clark launches exchange offers for up to $7,000,000,000 of new notes tied to Kenvue acquisition

Kimberly-Clark commenced exchange offers for any and all outstanding Kenvue notes, issuing up to $7,000,000,000 aggregate principal amount of new Kimberly-Clark notes plus cash. For each $1,000 principal amount of Kenvue notes accepted, holders receive $970 principal amount of Kimberly-Clark notes, a $30 early participation premium in Kimberly-Clark notes, and $1.00 in cash, for total consideration of $1,000 in Kimberly-Clark notes plus $1.00 cash. The offers cover seven series of Kenvue notes with principal amounts outstanding of $1,000,000,000 due 2028, $1,000,000,000 due 2030, $750,000,000 due 2032, $1,250,000,000 due 2033, $750,000,000 due 2043, $1,500,000,000 due 2053, and $750,000,000 due 2063. The exchange offers are in connection with Kimberly-Clark's pending acquisition of Kenvue.

Kimberly-Clark commenced exchange offers for any and all outstanding Kenvue notes, issuing up to $7,000,000,000 aggregate principal amount of new Kimberly-Clark notes plus cash. For each $1,000 princi