Kimberly-Clark’s $350 Million Notes Offering


Simpson Thacher represented underwriters, led by J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $350 million aggregate principal amount of its 3.9% notes due 2047.

The net proceeds from the transaction will be used for general corporate purposes, including to repay certain existing indebtedness.

Kimberly-Clark is a global company focused on leading the world in essentials for a better life through product innovation and building its personal care, consumer tissue and K-C Professional brands. The company is principally engaged in the manufacturing and marketing of a wide range of products mostly made from natural or synthetic fibers using advanced technologies in fibers, nonwovens and absorbency. Its leading brands include Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend.

The Simpson Thacher team for the transaction included John D. Lobrano (Picture), John O’Connell and Samantha Fox (Capital Markets); Jon Cantor (Tax); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: John Lobrano – Simpson Thacher & Bartlett; John O’Connell – Simpson Thacher & Bartlett; Samantha Fox – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Morgan Stanley; JP Morgan Securities;

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Author: Ambrogio Visconti