Kimberly-Clark Announces Successful Consent Solicitations for Kenvue Notes and Amendment to Terms of Exchange Offers
Kimberly-Clark received the requisite consents to amend the indenture governing all outstanding Kenvue notes, clearing a key procedural step in its pending acquisition of Kenvue. The exchange offers allow holders to swap up to $7 billion of Kenvue notes for new Kimberly-Clark notes plus cash, with early participation ranging from roughly 74% to 98% across the seven series as of the October 9 early deadline.
Key figures
- Deal Value Usd
- $7,000,000,000
- Cash payment
- $1.00 per $1,000
- Expiration date
- October 27, 2026
- Earliest settlement
- on or after November 2, 2026
- Exchange consideration
- $970 principal of Kimberly-Clark Notes per $1,000 Kenvue Notes
- Early participation premium
- $30 principal per $1,000
AI analysis
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