Kimberly-Clark announced the successful early tender results for its offer to exchange outstanding notes issued by Kenvue Inc. for up to $7.0 billion in new Kimberly-Clark notes and cash. This exchange offer is being conducted in connection with Kimberly-Clark's pending acquisition of Kenvue.
Key Details
- Offer Details: The offer is to exchange any and all outstanding Kenvue Notes for up to $7.0 billion aggregate principal amount of new notes issued by Kimberly-Clark.
- Successful Consent: As of the early participation date of October 9, 2026, the company received the requisite number of consents to adopt amendments that will eliminate most restrictive covenants and certain default provisions in the indenture governing the Kenvue Notes.
- Timeline & Contingency: The exchange offers are set to expire on October 27, 2026. The settlement of the offers is contingent upon the consummation of the Kenvue acquisition, which is expected to close in the fourth quarter of 2026.