debt
confidence high
sentiment neutral
materiality 0.60
Kimberly-Clark gets consents for all Kenvue note series; early tenders up to 98.37% in $7B exchange offer
KIMBERLY CLARK CORP
- As of 5:00 p.m. NYC on Oct 9, 2026, $6.31B of $7.0B Kenvue notes were tendered: 73.64% of 5.050% 2028s to 98.37% of 5.050% 2053s.
- Requisite consents received for all Kenvue note series; Kenvue executed supplemental indenture eliminating most restrictive covenants, SEC reporting covenant and merger limits.
- Per $1,000 principal: $970 KMB notes + $30 early participation premium + $1.00 cash; after the early date, holders now get $970 + $30 but no cash.
- Exchange offers for up to $7.0B new KMB notes expire 5:00 p.m. NYC Oct 27, 2026; settlement tied to KMB's pending Kenvue acquisition, expected Q4 2026 and not before Nov 2, 2026.