05 03 2016

Kimberly-Clark Corporation's $800 Million Notes Offering

Simpson Thacher recently represented underwriters, led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and the other underwriters in connection with a registered offering by Kimberly-Clark Corporation (“Kimberly-Clark”) of $800 million aggregate principal amount of notes. Kimberly-Clark issued $400 million aggregate principal amount of its 1.4% Notes due February 15, 2019 and $400 million aggregate principal amount of its 2.75% Notes due February 15, 2026.


The net proceeds from the transaction will be used 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), Xavier Kowalski and Ed Bersuder (Capital Markets); Jon Cantor and Jacqueline Clinton (Tax); Mike Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky). Involved fees earner: John Lobrano - Simpson Thacher & Bartlett; Xavier Kowalski - Simpson Thacher & Bartlett; Edward Bersuder - Simpson Thacher & Bartlett; Jonathan Cantor - Simpson Thacher & Bartlett; Jacqueline Clinton - Simpson Thacher & Bartlett; Michael Isby - Simpson Thacher & Bartlett; Jennie Getsin - Simpson Thacher & Bartlett;

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