Kimberly-Clark’s $750 Million Notes Offering


Gibson, Dunn & Crutcher acted as special counsel to Kimberly-Clark Corporation, while Simpson Thacher represented the underwriters in connection with the debt offering.

Kimberly-Clark Corporation issued $750 Million aggregate principal amount of 3.100% Notes due 2030.

The net proceeds from the transaction will be used for general corporate purposes, including the repayment of a portion of Kimberly-Clark’s commercial paper balance.

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BBVA Securities Inc., RBC Capital Markets, LLC, and U.S. Bancorp Investments, Inc. acted as underwriters for the offering.

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. Kimberly-Clark 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.

The Simpson Thacher team for the transaction included Risë Norman (Picture) and Stephanie Rowan (Capital Markets); Jon Cantor and Edward Grais (Tax); Alysha Sekhon (Intellectual Property); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).

Involved fees earner: Jonathan Cantor – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Risë Norman – Simpson Thacher & Bartlett; Stephanie Rowan – Simpson Thacher & Bartlett; Alysha Sekhon – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: BBVA Securities Inc.; Citigroup Global Markets Ltd; J.P. Morgan Securities LLC; Morgan Stanley; RBC Capital Markets; U.S. Bancorp Investments;

Author: Ambrogio Visconti