Kenvue eliminates most restrictive debt covenants following exchange settlement
KVUE•Kenvue’s exchange settlement retired $6.38 billion of Senior Notes, leaving $623.96 million outstanding. Amendments that took effect at settlement eliminated substantially all restrictive covenants, certain default provisions, SEC reporting requirements and certain merger restrictions.
1. Notes exchanged and retired
Kimberly-Clark settled exchange offers for Kenvue Senior Notes on November 4, 2026, exchanging tendered notes for new notes and cash. The settlement retired $6.38 billion of Senior Notes, leaving $623.96 million outstanding. Related amendments took effect at settlement, eliminating substantially all restrictive covenants, certain default provisions, SEC reporting requirements and certain merger restrictions.
