Kimberly-Clark Gets Kenvue Bondholder Consents to Change Note Terms

08:20 AM EDT, 10/13/2026 (MT Newswires) -- Kimberly-Clark (KMB) said Tuesday it received the required consents to adopt proposed amendments to the indenture governing all outstanding Kenvue (KVUE) notes as part of its pending purchase of the company, which is expected to close in Q4. The offers seek to replace those notes with up to $7 billion in new Kimberly-Clark notes, and by the Oct. 9 early deadline, holders for seven Kenvue series tendered between 73.64% and 98.37% of the outstanding amount, the company said. For every $1,000 of Kenvue principal tendered by Oct. 9, holders receive $970 in new Kimberly-Clark notes, a $30 note premium and $1 in cash, while later tenderers get the notes and premium without the cash, Kimberly-Clark said. The offers expire on Oct. 27, but the deadline is expected to be extended to match the closing of the Kenvue purchase, with settlement not expected before Nov. 2, it said.