Kimberly-Clark launches exchange offers for up to USD 7 billion of Kenvue notes
KMB•Kimberly-Clark launched exchange offers for all outstanding Kenvue Senior Notes, offering up to USD 7 billion of new Kimberly-Clark Senior Notes and a small cash component. Early tenders by Oct. 9 receive USD 970 in new notes, a USD 30 premium in notes and USD 1 cash per USD 1,000 of notes.
1. Offer terms and timing
Tenders by Oct. 27 without early participation receive USD 970 in new notes per USD 1,000 of Kenvue Notes. The new notes will mirror the terms of the exchanged notes, with settlement expected promptly after Oct. 27, subject to the acquisition closing in Q4 2026.
