---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-111354"
form_type: "8-K"
ticker: "KMB"
cik: "0000055785"
company_name: "KIMBERLY CLARK CORP"
filed_at: "2026-09-28T20:08:32+00:00"
generated_at: "2026-10-12T13:35:21.721813+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kimberly-Clark launches $7.0 billion exchange offers for Kenvue notes tied to pending acquisition

## Summary
- Kimberly-Clark commenced exchange offers for any and all Kenvue notes, offering up to $7.0 billion aggregate principal amount of new Kimberly-Clark notes and cash.
- Exchange consideration per $1,000 Kenvue notes: $970 principal Kimberly-Clark notes plus $30 early participation premium plus $1.00 cash, for total $1,000.
- Concurrent consent solicitations seek to amend Kenvue indenture to eliminate restrictive covenants, certain events of default, SEC reporting covenant, and merger restrictions.
- Offers conditioned on consummation of Kimberly-Clark's acquisition of Kenvue, expected Q4 2026; early participation date Oct 9, 2026, expiration Oct 27, 2026.
- Filing includes Kenvue audited financials for FY ended Dec 28, 2025, unaudited six months ended June 28, 2026, and Kimberly-Clark pro forma financials.

## SEC filing metadata
- accession: 0001104659-26-111354
- form_type: 8-K
- ticker: KMB
- cik: 0000055785
- company_name: KIMBERLY CLARK CORP
- filed_at: 2026-09-28T20:08:32+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/55785/000110465926111354/0001104659-26-111354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/55785/000110465926111354/tm2625576d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-111354
- JSON: https://secwatch.observer/filing/0001104659-26-111354.json
- Plain text: https://secwatch.observer/filing/0001104659-26-111354.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.