What changed
Kimberly-Clark completed the sale of $4.9 billion aggregate principal amount of senior unsecured notes across five tranches: $750 million of 5.100% notes due 2028, $1.0 billion of 5.300% notes due 2029, $1.25 billion of 5.450% notes due 2031, $750 million of 5.650% notes due 2034, and $1.15 billion of 5.800% notes due 2036. Net proceeds, together with cash on hand and/or commercial paper borrowings, will fund the cash consideration for the previously announced acquisition of Kenvue Inc. and related fees and expenses, with any remainder for general corporate purposes. The notes carry a special mandatory redemption provision tied to the acquisition's consummation.
Why it matters
Kimberly-Clark completed the sale of $4.9 billion aggregate principal amount of senior unsecured notes across five tranches: $750 million of 5.100% notes due 2028, $1.0 billion of 5.300% notes due 202