Kimberly-Clark Prices $4.9 Billion Debt Offering Ahead of Kenvue Deal

04:13 AM EDT, 10/20/2026 (MT Newswires) -- Kimberly-Clark (KMB) priced a $4.9 billion senior unsecured notes offering in five tranches due 2028 to 2036 to help fund its proposed acquisition of Kenvue (KVUE), the company said late Monday. The offering comprises $750 million of 5.10% notes due 2028, $1 billion of 5.30% notes due 2029, $1.25 billion of 5.45% notes due 2031, $750 million of 5.65% notes due 2034 and $1.15 billion of 5.80% notes due 2036, the company said. The company will use the proceeds, along with cash on hand, to fund the acquisition and related costs, with any remainder allocated for general corporate purposes, it added. The offering is expected to close Oct. 29. If the acquisition is abandoned or fails to close within the specified period, Kimberly-Clark may be required to redeem the notes at 101% of their principal amount plus accrued interest, the company said.