KMB Announces Exchange Offers for up to $7.0 Billion Kenvue Notes on September 28
· The NYC Memo
Kimberly-Clark Corporation initiated exchange offers and consent solicitations on September 28, 2026, for Kenvue Inc.'s outstanding notes, seeking up to $7.0 billion aggregate principal amount of new Kimberly-Clark notes and cash. This action is connected to its acquisition of Kenvue and concurrently solicits consents to amend Kenvue's indenture.
The offers are contingent on the consummation of the First Merger, anticipated in the fourth quarter of 2026.