What changed
Kimberly-Clark extended the expiration date of its offers to exchange any and all outstanding Kenvue notes for up to $7,000,000,000 aggregate principal amount of new Kimberly-Clark notes from October 27, 2026 to November 2, 2026. As of 5:00 p.m. New York City time on October 27, 2026, tenders included $739,298,000 of the 5.050% Senior Notes due 2028 (73.93% of outstanding), $846,524,000 of the 5.000% Senior Notes due 2030 (84.65%), $702,706,000 of the 4.850% Senior Notes due 2032 (93.69%), $1,152,617,000 of the 4.900% Senior Notes due 2033 (92.21%), $728,377,000 of the 5.100% Senior Notes due 2043 (97.12%), $1,478,069,000 of the 5.050% Senior Notes due 2053 (98.54%), and $726,335,000 of the 5.200% Senior Notes due 2063 (96.84%). The exchange offers are conditioned on consummation of Kimberly-Clark's pending acquisition of Kenvue, and requisite consents were received on the October 9, 2026 early participation date.
Why it matters
Kimberly-Clark extended the expiration date of its offers to exchange any and all outstanding Kenvue notes for up to $7,000,000,000 aggregate principal amount of new Kimberly-Clark notes from October